Trust Fund Board approves $37,000 in transfers to aid accounts
Southborough Trust Fund Board approved $37,000 in transfers to emergency and tax-assistance accounts, citing strong portfolio performance. Chair Sam Stivers and Member Sue Wood voted unanimously to transfer $12,000 from the Waldo Fay Fund to the Southborough Emergency Fund, increasing the annual
Trust Funds - Board of Commissioners · Meeting of June 10, 2026
Southborough Trust Fund Board approved $37,000 in transfers to emergency and tax-assistance accounts, citing strong portfolio performance. Chair Sam Stivers and Member Sue Wood voted unanimously to transfer $12,000 from the Waldo Fay Fund to the Southborough Emergency Fund, increasing the annual contribution from $9,000, while directing $25,000 to the Taxation Aid Committee. Treasurer Brian Ballantine reported the Waldo Fay Fund earned nearly $43,000 through March 31, 2026.
The Taxation Aid Committee uses its funds to pay one quarter of real estate taxes for qualified applicants, primarily senior residents; the committee reported falling short of its goal by $6,000 to $9,000 this year.
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Source: the Trust Funds - Board of Commissioners meeting of June 10, 2026, compiled from the official minutes.
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