• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • My Account
  • Subscribe
  • Log In
Itemlive

Itemlive

North Shore news powered by The Daily Item

  • News
  • Sports
  • Opinion
  • Lifestyle
  • Police/Fire
  • Government
  • Obituaries
  • Archives
  • E-Edition
  • Help
Marblehead Town Administrator Thatcher Kezer addresses the room in regards to the towns municipal services. (Sheldon Jacobsohn) Purchase this photo

Marblehead State of the Town addresses financial challenges

Amanda Lurey

February 5, 2025 by Amanda Lurey

MARBLEHEAD — Town Administrator Thatcher Kezer used the fiscal year 2026 State of the Town presentation to focus on Marblehead’s current financial challenges and some potential solutions

One current financial challenge he shared was increasing new growth revenues. To assist in creating new growth revenues, Kezer said certain home improvements — like kitchen renovations, expansions, or pool installations — will qualify homeowners for increased property taxes. This is due to the increased property value that these home improvements will create.

Other challenges include building reserves to meet policy and bond agency goals, reducing reliance on free cash for the operating budget and managing wage increases and increases in service contracts.

Kezer said the town’s priorities moving forward will address those challenges, such as addressing the ongoing bargaining agreements with police and municipal employees and the expiring trash contract, which will impact the fiscal year 2027 budget.

The presentation ended on a high note with an acknowledgment of Marblehead’s recent successes. It hired its first community development and planning director, was awarded the Government Finance Officers Association’s Budget Award again and will be switching to a Munis financial system, which will solve many internal issues.

  • Amanda Lurey

    Amanda Lurey has been a news reporter for The Daily Item since February 2025 when she moved to Massachusetts from Oregon. Amanda is originally from Los Angeles, but she is passionate about traveling and seeing all that the world has to offer. She’s been to five continents so far, most recently checking Antarctica off her list, and she is also well known for being an animal lover at heart.

    View all posts

Related posts:

No related posts.

Primary Sidebar

Advertisement

RELATED POSTS:

No related posts.

Sponsored Content

What questions should I ask when choosing a health plan?

Advertisement

Footer

About Us

  • About Us
  • Editorial Practices
  • Advertising and Sponsored Content

Reader Services

  • Subscribe
  • Manage Your Subscription
  • Activate Subscriber Account
  • Submit an Obituary
  • Submit a Classified Ad
  • Daily Item Photo Store
  • Submit A Tip
  • Contact
  • Terms and Conditions

Essex Media Group Publications

  • La Voz
  • Lynnfield Weekly News
  • Marblehead Weekly News
  • Peabody Weekly News
  • 01907 The Magazine
  • 01940 The Magazine
  • 01945 The Magazine
  • North Shore Golf Magazine

© 2025 Essex Media Group