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Beware of Wire Transfer Fraud via Spoofed Emails

Attempts at cyber wire fraud have been increasing globally, but the latest surge is targeting Municipalities. City and Town Treasurers all over the United States have been the target of an elaborate wire fraud scheme. Spoofed emails from “Town Administrators” have been sent, requesting payment to a specific vendor for “Professional Services” via an immediate

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Understanding the differences between Free Cash, Stabilization Funds and Reserve Funds

There are multiple differences between Free Cash, Stabilization Funds and Reserve Funds. However, they can all be used as a funding source for various town expenses. Free Cash is unrestricted available funds for appropriation by a majority vote, typically at Town Meeting. It should only be used for non-recurring expenses, not to balance the operating

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Welcome Lisa Kelly as our new Senior Assessment Manager!!!

Please welcome aboard Lisa Kelly as our new Senior Assessment Manager!!!! Lisa comes to us from the Town of Mendon, where she served as the Town Accountant. Lisa has over 20 years of corporate accounting, budgeting, finance, and system implementation experience. Lisa was employed at Bose Corporation, First Data Corporation and Bristol-Myers Squibb. In 2016,

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Welcome Karl Jacob as our new Senior Municipal Consultant!!!

Please welcome aboard Karl Jacob as our new Senior Municipal Consultant!!!! Karl comes to us with a wealth of experience, having worked throughout his career for 2 credit rating agencies, a large municipal government and a mutual fund company. In his most recent position prior to joining our firm, Karl spent 19 years with Standard

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DLS hosts finance forum for new officials May 31

The Division of Local Services invites new municipal finance officials to a finance forum on May 31 in Worcester. Recently elected or appointed municipal finance officials will get an overview of municipal government, the budget process, the tax recapitulation process, and reserve and debt policies. The forum will be held at the Hogan Center at

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