Akanksha Goyal

34 Posts
OVERRIDING CONSIDERATIONS:  Even as state aid rises, its role in town’s budget is shrinking

OVERRIDING CONSIDERATIONS:  Even as state aid rises, its role in town’s budget is shrinking

This is the fourth article in the Current’s series, Overriding Considerations, exploring Marblehead’s budget crisis. To read other stories, visit MarbleheadCurrent.org. Marblehead is receiving more state aid than it did a decade ago, but local officials say the increases have done little to ease pressure on the town’s budget or meaningfully change its financial outlook.The town’s largest flexible aid source, unrestricted general government aid, or UGGA, has increased steadily over the past decade, rising from about $1.09 million in fiscal year 2017 to roughly $1.42…
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Select Board backs tiered, multi-year override framework combining school/town requests

Select Board backs tiered, multi-year override framework combining school/town requests

The Select Board Wednesday night voted to move forward with a tiered override framework, backing a multi-year approach as officials work to close a roughly $7.7 million budget gap. The vote directs Town Administrator Thatcher Kezer to return April 8 with detailed numbers and a finalized structure for Town Meeting, where residents will decide whether to place an override on the June ballot. The Select Board Wednesday night backed a tiered, multi-year override framework. Kezer’s proposed override framework centers on two ballot questions: one offering…
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Marblehead Select Board advances budget as department heads decry cuts

Marblehead Select Board advances budget as department heads decry cuts

The Select Board on March 19 unanimously approved a full slate of fiscal year 2027 departmental budgets after more than three hours of hearings, as officials worked to close a $7.7 million deficit through a mix of cuts, restructuring and proposed new revenue.Members repeatedly emphasized that the budget is built on two key assumptions: the implementation of trash fees expected to generate roughly $2 million in new revenues and an additional $1.5 million in cuts to the school budget. Even with those measures, the town…
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Marblehead FinCom details cuts, fees needed to close $7.7M deficit

Marblehead FinCom details cuts, fees needed to close $7.7M deficit

With a roughly $7.7 million deficit still unresolved, the Finance Committee Monday night walked through multiple scenarios outlining the town’s limited options for closing the gap, with new analysis showing the scale of cuts, staffing reductions and potential fees still on the table.Chair Alec Goolsby laid out three potential paths to a balanced budget, each involving tradeoffs between municipal services, school funding and new revenue sources.He repeatedly emphasized that the impacts outlined are not hypothetical.“These are not scare tactics. These are real cuts,” Goolsby said.…
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OVERRIDING CONSIDERATIONS: Tough choices prompt surge of override requests statewide

OVERRIDING CONSIDERATIONS: Tough choices prompt surge of override requests statewide

Editor’s note: This is part three in the Marblehead Current’s series, “Overriding Considerations,” which explores various facets of the “fiscal cliff” on which the town is teetering. To read the previous installment, see: Part 1: Behind Marblehead’s $65 million payroll in 2025 Part 2: Analysis: Town’s tax burden ranks low among peers Communities across Massachusetts are increasingly turning to property tax overrides as rising costs outpace limits on local revenue growth. Data from the Massachusetts Department of Revenue shows a sharp increase in both the…
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OVERRIDING CONSIDERATIONS: Analysis: Town’s tax burden ranks low among peers

OVERRIDING CONSIDERATIONS: Analysis: Town’s tax burden ranks low among peers

Editor's note: This is part two in the Marblehead Current's series, "Overriding Considerations," which explores various facets of the "fiscal cliff" on which the town is teetering. To read the previous installment, see: Part 1: Behind Marblehead’s $65 million payroll in 2025 Marblehead is often described as one of the North Shore’s wealthier communities. But a closer look at the town’s finances, demographics and housing data suggests the story behind ongoing debates over a general override may be more complicated than that perception alone. State…
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School Committee weighs next steps for FY27 budget amid uncertainty from town

School Committee weighs next steps for FY27 budget amid uncertainty from town

The Marblehead School Committee spent much of its Thursday meeting discussing how to move forward with the district’s fiscal year 2027 budget after town officials proposed a scenario Wednesday night that could require the schools to absorb roughly $1.5 million in additional cuts. (Review the town's two budget scenarios at the bottom of this article.) Members said they were reluctant to consider further reductions to the district’s proposed level-funded budget without clearer data from town officials about the financial assumptions driving a request for additional…
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State e-bike safety recommendations could bring new rules to Marblehead streets

State e-bike safety recommendations could bring new rules to Marblehead streets

By Akanksha Goyal A new state report recommending helmet requirements, speed-based classifications, equipment standards and a statewide identification system for e-bikes and similar devices could reshape how micromobility is regulated in Marblehead and across Massachusetts. The recommendations, released by a special state commission tasked with studying. micromobility, aim to address longstanding gaps in state law as e-bikes, electric scooters and other motorized devices have proliferated in recent years. In Marblehead, where residents and officials have raised concerns about high speeds, young riders and powerful electric…
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‘OVERRIDING CONSIDERATIONS’: Behind Marblehead’s $65 million payroll in 2025

‘OVERRIDING CONSIDERATIONS’: Behind Marblehead’s $65 million payroll in 2025

Editor’s note: With town leaders warning of a “fiscal cliff,” an $8.6 million budget deficit and more than 50 municipal layoffs, voters will likely be asked to approve Marblehead’s first general override in a generation. Given that, the Current is launching a series, “Overriding Considerations,” to examine various aspects of the town’s finances. This is part one, on municipal employees’ salaries. Marblehead spent $65.24 million on employee compensation in 2025, according to town payroll records, with schools and public safety accounting for the largest shares of…
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New Epstein records show payments, crypto talks with former Marblehead resident

New Epstein records show payments, crypto talks with former Marblehead resident

A former Marblehead resident and Bitcoin developer appears more than 700 times in the newest release of records tied to convicted sex offender Jeffrey Epstein, according to a review of the materials by the Current. The developer, Jeremy Rubin, lived in Marblehead during his youth and attended Marblehead High School in 2009 before graduating from Phillips Exeter Academy in 2012. He later enrolled at the Massachusetts Institute of Technology, where his communication with Epstein began while he was studying electrical engineering and computer science. Emails…
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