Williams College to Award Bicentennial Medal to Wole Coaxum at Convocation

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WILLIAMSTOWN, Mass. — Williams College will present a Bicentennial Medal to alumnus Wole Coaxum at the fall convocation.
 
Coaxum, class of 1992 and founder of Mobility Capital Finance, will be presented the medal Saturday, Sept. 12, during the virtual convocation ceremony.
 
The son of Williams College's first Black president of the Society of Alumni, Coaxum left behind his managing director position at J.P. Morgan after Michael Brown was killed in Ferguson, Mo. That event compelled him to think about how he could leverage his Wall Street experience and contacts to address the racial wealth gap. He founded one of the few Black-owned finance technology startups to provide access to financial services in underbanked communities. 
 
This year's convocation ceremonies will be presented virtually, available at 11 a.m. on the Williams convocation website. Featuring many elements of a traditional convocation, the virtual event will include a selection of recorded messages and performances, including a musical performance by violist and senior Rebecca Christainsen, and more. The ceremonies and related events will continue to be available on the website through the month.
 
President  Maud Mandel, Coaxum, and new Williams College Society of Alumni President Kate Boyle Ramsdell, class of 1997, will welcome everyone in the Williams community, especially the class of 2021, at convocation, which formally launches the academic year.
 
Established in 1993 on the occasion of the college's 200th anniversary, Bicentennial Medals honor members of the Williams community for distinguished achievement in any field of endeavor. The convocation ceremony will also include the introduction of the newest members of Phi Beta Kappa and the announcement of the winner of the Grosvenor Cup Award, given to the senior who has best demonstrated concern for the college community.

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Williamstown Finance Committee Finalizes Fiscal Year 2027 Budget Proposal

By Stephen DravisiBerkshires Staff
WILLIAMSTOWN, Mass. — The tax bill of a median-priced single family home will go up by 8.45 percent in the year that begins July 1 under a spending plan approved by the Finance Committee on Wednesday night.
 
After more than a month of going through all proposed spending by the town and public schools and searching for places to trim the budget and adjust revenue estimates, the Fin Comm voted to send a series of fiscal articles to the May 19 annual town meeting for approval.
 
The panel also discussed how to appeal to town meeting members to reverse what Fin Comm members long have described as an anti-growth sentiment in town that keeps the tax base from expanding.
 
New growth in the tax base is generated by new construction or improvements to property that raise its value. A lack of new growth (the town projects 15 percent less revenue from new growth in fiscal year 2027 than it had in FY26) means that increased spending falls more heavily on current taxpayers.
 
The two largest spending articles on the draft warrant for the May meeting are the appropriations for general government spending and the assessment from the Mount Greylock Regional School District.
 
The former, which includes the Department of Public Works, the Williamstown Police and town hall staffing, is up by just 2.5 percent from the current fiscal year to FY27 — from $10.6 million to $10.9 million.
 
The latter, which pays for Williamstown Elementary School and the town's share of the middle-high school, is up 13.7 percent, from $14.8 million to $16.8 million.
 
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