FY27 Budget Policy

FY27 Budget & Financial Policy

The FY27 Budget & Financial Policy establishes the framework the Town of Great Barrington uses to plan, evaluate, and manage its financial resources. Adopted by the Select Board and Finance Committee at their December 15 meeting, this policy guides how the Town develops its operating and capital budgets and makes financial decisions throughout the fiscal year.

The policy is designed to ensure that public funds are managed responsibly, services are delivered efficiently, and long-term financial stability remains a priority. It balances the need to maintain essential municipal services with affordability, infrastructure investment, and preparation for future needs.

What the Policy Does

The Budget & Financial Policy sets shared expectations for how the Town will:

• Plan and fund municipal services and public facilities

• Maintain fiscal stability and protect reserves

• Manage debt responsibly and plan for capital investments

• Review fees and revenue sources thoughtfully

• Align spending decisions with community priorities and long-range goals

It also establishes standards for how budgets are prepared, reviewed, and presented, helping ensure consistency, clarity, and accountability across departments.

Connection to Community Priorities

The policy is aligned with the Select Board’s FY26–27 Strategic Priorities, including infrastructure and asset management, public health and safety, housing, sustainability and the environment, economic development, and effective municipal service delivery. These priorities help shape how resources are evaluated and where investments are focused.

Why This Matters to Residents

The Budget & Financial Policy helps ensure that taxpayer dollars are used carefully, transparently, and with long-term intent. It provides a clear structure for decision-making so residents can understand:

• How financial choices are evaluated

• Why certain investments are prioritized

• How the Town plans for both current services and future obligations

By following this policy, the Town works to maintain public trust, support essential services, and plan responsibly for Great Barrington’s future.

How the Policy Is Used

The Budget & Financial Policy is referenced throughout the year as departments prepare budget requests, as elected officials review proposals, and as the Town evaluates financial performance. It informs operating budgets, capital planning, staffing decisions, and long-range financial strategies.

Click here, or the image below, to view the FY27 Budget & Financial Policy 

This page will continue to serve as a reference point for residents and stakeholders seeking to understand the principles guiding the Town’s financial planning and budget decisions.