Finance Subcommittee reviews MOA status, FY27 budget pressures.
School Committee Finance Subcommittee · Meeting of February 11, 2026
LOWELL — Finance Subcommittee reviews stalled Memorandum of Agreement with City over FY27 funding. Assistant Superintendent of Finance Dr. Derek Pinto reported that the School Department is revising the MOA proposal, originally submitted in October 2025, for resubmission by late February and plans to schedule a City meeting to discuss terms.
The City's projected 12 million dollar cash contribution faces pressure from contractual salary increases of 3.5 percent, health insurance cost projections reaching 8.9 percent, and a 6 percent transportation expense rise. Subcommittee member Connie A. Martin said the Committee cannot assess whether the City's contribution is sufficient without clearer Maintenance of Effort data.
In the full story:
- The complete report — 476 words
Source: the School Committee Finance Subcommittee meeting of February 11, 2026, reported from the official video recording and transcript.
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