WVN #766 YEAR-END BUDGET UPDATE / FEDERAL AID ASSISTANCE
Budget & Finance
2020
By WaylandInfoDec 18, 20207 replies
The Town Manager reports year-end budget status with federal CARES Act assistance helping offset pandemic costs. Local receipt revenues remain below projections. Several capital projects have been deferred to preserve cash flow. The FY21 budget will require careful monitoring.

Historical Context: 2020

COVID-19 pandemic response year. Emergency measures, remote learning implementation, business support programs, and significant operational changes to maintain essential services during lockdowns.

Original message: View on Groups.io

More from Budget & Finance
Other messages in the same category from across all years

By ConcernedCitizen on Apr 22, 2019

The Finance Committee releases its FY20 budget recommendations featuring a 3.8% increase over the current year. The budget supports essential services while maintaining Wayland's strong...

By TownUpdates on Dec 16, 2019

The Town Manager reports Wayland's strong financial position at year-end with revenues meeting projections. The town maintains healthy reserve balances and receives favorable bond ratings....

By HealthFirst on May 15, 2020

The Finance Committee warns of significant budget impacts from COVID-19. Local receipts are down 40% with business closures. The FY21 budget may require substantial revisions....