The Finance Committee (FinCom) normally meets on the 2nd and 4th Mondays of each month. Since 2020 the Finance Committee has been meeting virtually via Zoom. In-person meetings, when (if) they resume, will take place in Room 201, Maynard Town Hall (195 Main Street)
The Finance Committee (FinCom) is a seven-member committee appointed by the Town Moderator and serves Town Meeting voters-in accordance with Massachusetts General Laws (Chapter 39, Section 16) and Maynard's Town Charter and By-laws-in three important ways:
- Work throughout the year on behalf of Town Meeting voters and in collaboration with the Select Board, School Committee, Town Administrator, and other Town stakeholders to (a) research impartially and understand the Town's finances and important financial trends, and (b) take proactive steps to make this understanding more accessible to Town Meeting voters.
- Provide independent oversight of Town finances, representing the interests of Town Meeting voters.
- Review and analyze all Town Meeting warrant articles and make informed recommendations for the consideration of Town Meeting voters as they decide how to vote.
Pursuant to this last point, the Town Charter expressly requires the FinCom to "report, in writing, its recommendations on every article contained in a town meeting warrant together with a statement of the reasons for each such recommendation." The Charter also requires the FinCom to "hold one or more public hearings to permit public discussion of the subject matter of all articles contained in the warrant" and "conduct at least one public hearing on the proposed budget." These public hearings are usually held in the weeks before each annual or special town meeting and are announced via the FinCom's meeting notices.
The Town of Maynard has partnered with ClearGov, a leading municipal transparency and benchmarking platform, to launch an infographic-based fiscal dashboard. The new tool provides residents an easy-to-understand, interactive breakdown of the town's finances, as well as insights into demographics, population, projects and more.