Wayland water enterprise faces FY27 deficit from $38.2M dual-source project and PFAS costs
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Citizen Portal
Summary
Wayland's water enterprise faces a projected large deficit by FY27 due to a $38.2 million dual-source construction project, ongoing PFAS remediation costs, and future MWRA water purchases. Consultant Matt Abrahams presented the financial model to the Board of Public Works on May 19, showing expenses outpacing revenues. The board plans to pursue borrowing, seek State Revolving Fund (SRF) assistance, and ask the Select Board to earmark litigation funds for PFAS mitigation.
Source
bskyWayland water enterprise faces FY27 deficit from $38.2M dual-source project and PFAS costscitizenportal.aiKey quotes
· 2 pulledConsultant Matt Abrahams told the Wayland Board of Public Works on May 19 that the water-enterprise financial model projects expenses will outpace revenues in coming years
the town takes on a $38.2 million dual-source construction project and prepares for future MWRA water purchases
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