Overview: The Chelmsford Finance Committee meeting centered around the town’s fiscal challenges, as the proposed budget for fiscal year 2026 was presented by Town Manager Paul Cohen. The town is grappling with an unexpected health insurance premium hike of 17.77% and limited state aid increases, amidst rising costs in other critical areas like retirement assessments and educational funding. These financial pressures, compounded by static property tax revenue growth due to Proposition 2½, necessitate careful budget adjustments and strategic planning to sustain essential services.