52 million dollar liablity and article six on Monday

At Monday’s Town Meeting there will be a discussion on Article 6.

"ARTICLE 6. To see if the Town will vote to accept the provisions of G.L. c. 32B, § 20 to establish an Other Post Employment Benefits Liability Trust Fund and to raise and appropriate a sum of money to be deposited therein; or what action it will take thereon."

This is to have the town start to fund the 52 million dollar liability that Lynnfield owes. Lynnfield is not alone in facing this liability and some communities have already started funding it so future generations won’t be stuck with a larger bill. It is a new item that the Town has to start funding. The Audited Town reports contain more details and are attached for people to read before Monday night.

Thank you,
Wally
McKenzie

Lynnfield MA ML12 Final.pdf

Lynnfield MA FS12 Final.pdf

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