Jun 9, 2026Board meeting
Fitchburg Finance Committee Meeting
The committee reviewed the treasurer's report, focusing on tax settlement and the tax collection agency fund. Representatives from Baker Tilly presented the 2025 financial audit, noting clean opinions and highlighting the city's strong internal control environment. The presentation included an analysis of the general fund balance, debt capacity, and the financial performance of water, sewer, and stormwater utility funds. Additionally, the committee discussed upcoming utility rate adjustments and the status of ongoing capital projects, including debt obligations for a new police facility and the release of the Capital Improvement Plan.