The Braintree Town Council meeting held on April 29, 2025, focused on the town's financial health, particularly regarding its Other Post-Employment Benefits (OPEB) trust fund and pension liabilities. The meeting highlighted a significant increase in the OPEB trust fund, which rose from $22.8 million to $25.8 million over the past year, largely due to higher-than-expected investment earnings and updated mortality rates. The town's OPEB liability also decreased from $189 million to $170 million, reflecting positive financial management.

In terms of pension funding, the council noted that Braintree's pension liability stands at $93 million, with a funding level of 71.1%. This is above the average for many municipalities, which typically range from 55% to 60% funded. The town is on track to meet state requirements for full funding by 2040.

The council also discussed the general fund budget, which saw a decrease of $8.5 million, primarily due to the use of free cash for transfers to the stabilization fund and supplemental appropriations. Despite this, general fund revenues exceeded expectations by $2 million, attributed to increased investment income and motor vehicle revenues.

Council members expressed satisfaction with the financial report, noting the absence of findings for the first time in several years, which reflects improved financial oversight and management. The council plans to consolidate any questions or feedback regarding the report to streamline communication with the auditing team.

Looking ahead, the next town meeting is scheduled for May 27, 2025, where budget hearings will take place. The council emphasized the importance of continued financial diligence as the town navigates its fiscal responsibilities.