The Neary Building Committee's Finance Subcommittee met on January 24, 2025, to discuss critical steps in preparing the town's budget for the upcoming project. A key focus of the meeting was the timeline for submitting the budget, which must be approved ten days prior to its submission date. This timeline is crucial as it aligns with the Massachusetts School Building Authority (MSBA) requirements for project scope and budget review.

During the meeting, members emphasized the importance of coordinating with the bond council to ensure all financial aspects are in order. They noted that a preliminary budget email must be sent to the MSBA, detailing the total project budget, estimated grant amounts, and the town's financial share. This email is a vital step in moving forward with the project and securing necessary funding.

The committee also discussed the need to finalize estimates from sub-consultants, particularly regarding soft costs, to ensure accurate budgeting. The members expressed confidence in meeting the deadlines and preparing for the upcoming discussions with the full committee.

As the Neary Building project progresses, the Finance Subcommittee's efforts to streamline budget preparations will play a significant role in the project's success and the town's financial planning. The next steps involve finalizing the budget details and ensuring all stakeholders are informed and prepared for the upcoming meetings.