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The Board of Selectmen approved the town's portion of the school district's $18 million budget.

Adams Selectmen Approve School Budget

By Andy McKeeveriBerkshires Staff
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Superintendent Alfred Skrocki gave a short introduction before School Committee Paul Butler led the Board of Selectmen through the budget.
ADAMS, Mass. — The Board of Selectmen approved Wednesday the $3.9 million assessment for the Adams Cheshire Regional School District.

The assessment is up by .6 percent — or $23,889 — that includes $109,925 for the new Hoosac Valley High School, which is excluded from the town's levy limit.

According to Superintendent Alfred Skrocki, the district faced challenges in overcoming a loss of about $500,000 in grant money, a 56 percent increase in transportation costs and an increase of about $155,000 to support students going to Berkshire Arts and Technology.

However, the district did see savings in health insurance, maintenance and is using some school choice funds to offset the increases. Additionally, Adams' total payment was offset by a $409,154 credit from the state School Building Authority.

Selectwoman Paula Melville questioned the amount the town is paying above the minimum foundation assessment set by the state, which is $638,100. Skrocki said that the minimum assessment is based on a formula that did not take inflation into account.

"That number is a minimum amount that school districts need to spend each year," Skrocki said. "The formulas have not adjusted for inflation."

A better comparison is in per pupil spending, he said, which is below state and county averages. The district spends $12,002 per student compared to the county average of $14,587 and the state average of $13,371.

Additionally, the town is funding the foundation budget at 109 percent compared to 133 percent average countywide and 120 average across the state.

"Three hundred and nine out of 317 [school districts] that reported were above foundation level," Skrocki said.

The school's total budget is $18 million.

Tags: Adams-Cheshire,   school budget,   

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Adams Community Bank Holds Annual Meeting, Announce Growth

ADAMS, Mass. — The annual meeting of the Community Bancorp of the Berkshires, MHC, the parent company of Adams Community Bank, was held on April 10, 2024, at Charles H. McCann Technical School in North Adams.
 
The meeting included reviewing the 2023 financial statements for the Bank, electing directors and corporators, and highlighting upcoming executive personnel changes.
 
"In 2023, the Bank experienced another year of growth in assets, loans, and deposits, noting the Pittsfield branch reached $26 million in customer deposits from its opening in December of 2022," President and CEO of Adams Community Bank Charles O'Brien said. "Those deposits were loaned out locally during 2023 and helped drive our #1 ranking in both mortgage and commercial real estate lending, according to Banker and Tradesman."
 
At year-end 2023, total assets were $995 million, and O'Brien noted the Bank crossed the $1 billion threshold during the first quarter of 2024.
 
Board chair Jeffrey Grandchamp noted with O'Brien's upcoming retirement, this will be the final annual meeting of the CEO's tenure since he joined the Bank in 1997. He thanked him for his 27 years of dedication to the Bank. He acknowledged the evolution of the Bank as it became the premier community bank in the Berkshires, noting that branches grew from 3 to 10, that employees grew from 40 to 135, and that assets grew from $127 million to $1 billion. 
 
An executive search is underway for O'Brien's replacement.
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