I am pleased to present the initial financial plan for fiscal year 2020. This plan details revenue and proposed expenditures for the Town of Shrewsbury for this period. The expenditures detailed in the plan total $140,894,140, which is $2,753,993 less than the expenditures planned in the current fiscal year. Included herein is the operating budget, capital improvements, and various other charges and expenditures. All planned expenditures will be funded by the revenue sources detailed, thus a balance budget is presented.
This financial plan illustrates the collaborative work of the Board of Selectmen and Town staff members to address the needs for current and future Shrewsbury residents. I want to thank the Board of Selectmen for its leadership and for its active engagement in this process. We look forward to working with the Finance Committee, School Committee, and Town Meeting members throughout the balance of this process.
Thank you for placing your trust and confidence in me to lead this great Town.
Kevin J. Mizikar