Millis town officials are taking significant steps to bolster the town's financial stability as they prepare for the upcoming fiscal year. During a recent Finance Committee meeting held on April 30, 2025, several key financial articles were discussed, focusing on the allocation of funds to essential services and reserves.

One of the primary resolutions approved was the transfer of $40,736.55 to the unemployment insurance fund. This fund is crucial for supporting town employees who may face unemployment, ensuring that the town remains self-insured and prepared for any potential claims.

Additionally, the committee authorized a substantial transfer of $300,000 into the injury indemnity leave fund for police officers and firefighters. This fund is specifically designed to provide financial support to first responders injured in the line of duty, allowing for a more streamlined approach to managing these costs without impacting departmental budgets.

Another important decision was the appropriation of $50,000 from free cash into the Other Post Employment Benefits (OPEB) fund. This fund is essential for covering non-healthcare benefits for retirees, and while Millis, like many towns in Massachusetts, has not fully funded its OPEB obligations, this contribution is a step toward better financial health.

Lastly, the committee discussed transferring $100,000 from free cash into the stabilization fund, which is intended to maintain the fund above 5%. This measure is vital for preserving the town's bond rating and overall financial metrics, especially as economic uncertainties loom for fiscal year 2027 and beyond.

These financial maneuvers reflect Millis's commitment to responsible fiscal management and preparedness for future challenges. As the town continues to navigate its financial landscape, these decisions will play a crucial role in ensuring the sustainability of essential services and benefits for its residents.