Free cash

Free cash balance

The state certified $3,354,370 of free cash as of 1 July 2025, the most in any year the Town’s records list.

Certified free cash by year
The state’s proofThe Town’s fact sheet onlynot from the books
The state’s proofThe Town’s fact sheet only
FY2016not published$263,188
FY2017not published$888,944
FY2018not published$818,886
FY2019not published$1,512,483
FY2020not published$1,107,694
FY2021not published$1,804,185
FY2022$2,666,962not published
FY2023$2,923,290not published
FY2024$1,870,612not published
FY2025$2,270,060not published
FY2026$3,354,370not published

By the fiscal year the money can be spent in. Where both publish a year, they agree to the dollar.

1 · The facts

  • $3,354,370

    free cash certified as of 1 July 2025 (state)

  • $2,270,060

    certified as of 1 July 2024

  • $1,870,612

    as of 1 July 2023, the low of five years

  • $263,188

    certified for FY2016, the Town’s fact sheet

  • $3,716,282

    free cash the same proof identifies, July 2025

  • $4,236,488

    the Town’s own undesignated fund balance, 30 June 2025

  • —

    why the state certifies less than it identifies

    not published

2 · What it shows

  1. 1

    Free cash fell to $1,870,612 in July 2023 and has risen each year since, to $3,354,370 in July 2025.

  2. 2

    One close, three published figures: $3,354,370 certified, $3,716,282 identified, $4,236,488 undesignated.

  3. 3

    The state labels free cash by its 1 July balance; the Town by the year it can be spent, one later.

Certified free cash, two publishers
IdentifiedCertifiedSpent in
2025$3,716,282$3,354,370FY2026
2024$2,032,579$2,270,060FY2025
2023$1,923,784$1,870,612FY2024
2022$3,155,919$2,923,290FY2023
2021$2,687,134$2,666,962FY2022

Division of Local Services free cash proof, labelled by the year of the 1 July balance it certifies. Spent in is the Town’s label for the same money.

What was said

  • “With respect to the unspent money, the money is not lost. The money is still there, it is free cash and it is going to roll over. It is going to be appropriated in one fashion or another.”

    School Committee minutes, 2025-09-03

Sources

What changed

Version 15 — updated September 20, 2026