2/24/10: No override expected, but residents to vote on capital items. Wayland residents will not be asked to approve an override for fiscal 2011 due to a healthy reserve of free cash and ambulance receipts used to balance the town operating budget of $58.8 million recommended by the Finance Committee. This marks the second year in a row without an override request. A $610,000 deficit in the operating budget will be filled by taking $250,000 from free cash and $360,000 from ambulance receipts. However, voters will be asked to approve $2.35 million in capital items at the polls and at Town Meeting in May that will cause a temporary increase in the tax rate. Finance Committee Chairman Sam Peper presented the proposed FY11 budget at a public hearing on Monday.

FinCom's Budget Presentation from February 22 is available online here.