During the March 27 meeting the Town of Norwood Finance Committee discussed special‑town‑meeting warrant planning and directed staff to prepare a memo to the Board of Selectmen outlining the finance committee's priorities and rationale. The committee agreed that two members would attend the Board of Selectmen meeting on April 8 (the day after the town election) to present the committee's recommendations.

Key committee recommendations and votes recorded in the meeting included:
- Rescind the spring request for an additional general-purpose stabilization appropriation and instead "reconsider in the fall." The committee voted to remove the spring general-purpose stabilization request from its recommended list with the explicit understanding it will be revisited in the fall town meeting schedule. The motion carried unanimously with the amendment that the item be reconsidered in the fall.
- Recommend a special education reserve (the School Committee's proposal) to the Board of Selectmen, with the committee supporting placement of that article on the warrant (the transcript records this recommendation as approved unanimously by the Finance Committee).
- Recommend that a warrant article be drafted to place compensated-absences funding on the special-town-meeting warrant (amount to be determined). The committee voted to request the article be included with the amount to be set later.
- Recommend establishing a pension reserve fund and to include a funding article (amount TBD) on the warrant; the committee voted to recommend both establishing the fund and asking the Board of Selectmen to include a funding article.
- Recommend establishing a capital stabilization fund (special-purpose stabilization for capital) as a warrant article. That motion passed on the committee floor with recorded support and opposition; the meeting record shows the motion passed 4–1.

Committee members discussed the fiscal context driving these recommendations: the prospective use of free cash to balance the FY26 budget (the chair noted that $7,450,000 in free cash would be applied to balance the budget as approved), the existence of proceeds associated with the Coakley Middle School override and debt issuance, and the committee's preference for preserving free-cash options for near-term capital needs rather than spending them without prioritized criteria.

The committee asked staff to draft a memo for the Board of Selectmen that (1) explains the committee's long-term fiscal concerns, (2) identifies the warrant articles the Finance Committee recommends for the spring special town meeting, and (3) notes items recommended for possible fall reconsideration. The memo-drafting assignment was accepted by the chair and Sarah Sullivan (who volunteered to help). The committee also discussed who would attend the April 8 Board of Selectmen meeting to present the memo; Sarah agreed to attend and asked for one additional member to join her if available.

Members raised technical questions about how surplus bond proceeds from the Coakley Middle School project could be repurposed; town staff clarified the state and bond-market constraints and said that surplus project proceeds, if available, must be used for municipal capital projects consistent with state rules and borrowing requirements.

After discussion the committee moved to the items above; motions and instructions to staff passed by roll call (see actions).