During the recent Spring Town Meeting held on May 5, 2025, the Town of Millis took a significant step towards strengthening its financial stability by approving a motion to transfer $100,000 from free cash to the town's stabilization fund. This decision, which received unanimous support, reflects the town's commitment to maintaining a robust financial safety net for unforeseen expenses.

The stabilization fund, which is designed to cover emergency costs, is now projected to reach approximately $500,000 above the town's goal of 5% of its annual general fund budget expenditures. This increase is expected to enhance Millis' bond rating, making it easier for the town to secure funding for future projects and initiatives. As of March 31, 2025, the stabilization fund stood at $2,857,000, indicating a strong financial position.

The Finance Committee unanimously recommended this transfer, emphasizing its importance for the town's fiscal health. The meeting concluded with a motion to adjourn, which also passed unanimously, marking a productive session for Millis residents.

This financial decision not only prepares the town for unexpected costs but also aligns with broader community goals of fiscal responsibility and preparedness, ensuring that Millis remains a stable and well-managed community for its residents.