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03.11.2026 - Volume 4, Issue 16

Page 1

MAKING WAVES

LIGHTS, CAMERA, AI

MHS swim team sweeps award season

IN THIS ISSUE

FUN & GAMES

MHS student wins New York Times honor

Page 9

NONPROFIT ORG PRSRT STD U.S. POSTAGE

Test your knowledge at the Current’s Trivia Night

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PAID

MARBLEHEAD, MA PERMIT NO. 25

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NEWS FOR PEOPLE, NOT FOR PROFIT.

TM

MARCH 11, 2026

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VOLUME 4, ISSUE NO. 16

FIRST WAVE 1

Deep cuts vs. new fees: Marblehead’s budget dilemma. Starting on page 1.

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MARBLEHEADCURRENT.ORG

Public weighs in on multifamily housing plan. Page 2

of 3 Chamber Commerce

announces ‘restructuring.’ Page 5

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ON SOCIAL @MHDCURRENT

to host 4 Town second Coffin

School reuse community meeting. Page 11

sweet story of 5 Asportsmanship on the court. Page 9.

Five facts from this week’s Marblehead Current.

DOLLARS & SENSE

Town leaders weighing deep cuts, new fees to close $7.7M budget gap Town administrator to reveal override scenarios March 11 BY LEIGH BLANDER Much-anticipated figures are now in from GIC, the state backed insurance plan the town uses to purchase employees’ health insurance. Marblehead’s increase for fiscal year 2027 will be 11%, down from the 15% feared earlier but not as low as recently hoped. According to Marblehead Finance Director Aleesha Benjamin. “Pretty much the same,” Benjamin wrote in an email to

»Read how Marblehead’s budget crisis is impacting schools, trash collection, the library and more. Page 6 the Current Saturday night about the final increase. “Pretty much the same,” Marblehead Finance Director Aleesha Benjamin wrote in an email to the Current Saturday night about the final increase. “No real change.” That means the town’s

projected $7.7 million deficit will likely not decrease significantly. Next Wednesday, Town Administrator Thatcher Kezer will reveal several override proposals to help bridge the shortfall. On March 4, Kezer presented two stark budget scenarios that would either dramatically shrink town government or introduce new fees and additional cuts to maintain some services. “This is not a surprise, but it is shocking what we’re facing right now,” said Town Moderator Jack Attridge at the March 4 presentation. The deficit, Kezer said, is due

to those rising health insurance and trash costs, inflation and limited revenue growth under the state’s property tax limits.

Scenario A: Major service reductions Under Scenario A, the town would balance the budget mainly through cuts. “In order to balance our budget on the town side, we had to prioritize functions that protect life and property,” Kezer said. “And the end result is we had to defund six departments.” Those departments are: Community Development & Planning, the Cemetery

Department, the Health Department (except for the required health agent), the Council on Aging, the Abbot Public Library and Recreation and Parks. Those cuts would eliminate 56 positions out of the town’s roughly 185 to 190 municipal jobs, according to Kezer.

Scenario B: Fees and shared cuts Given the severity of those reductions, Kezer also presented Scenario B, which seeks to maintain most municipal services BUDGET, P. 3

SPORTS STARS

Duo finds friendship, confidence through Special Olympics skiing

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OVERRIDING

CONSIDERATIONS

Analysis: town’s tax burden ranks low among peers BY AKANKSHA GOYAL

Friends Ryan Horrigan and Grace Rigby connect after their skiing competition.

CURRENT PHOTO / LEIGH BLANDER

BY LEIGH BLANDER For Ryan Horrigan and Grace Rigby, the thrill of racing down a mountain is only part of what makes the Special Olympics meaningful. The two North Shore athletes — both with roots in Marblehead — competed in a Special Olympics alpine ski competition Feb. 27 at Berkshire East Mountain. They skied in downhill and slalom races and both won medals. But when asked what stands out most about competing, both athletes quickly pointed to something beyond the podium. “The energy,” Horrigan said, smiling. “And being with friends.” “Meeting new people,” added Rigby.

Property wealth vs. income

Racing on separate teams

The two compete on different ski teams. Horrigan skis with the Nashoba Shooting Stars, while Rigby competes with the Haverhill Stars. They’ve both been part of the SKIING, P. 3

BLACK CYAN MAGENTA YELLOW

Marblehead is often described as one of the North Shore’s wealthier communities. But a closer look at the town’s finances, demographics and housing data suggests the story behind ongoing debates over a general override may be more complicated than that perception alone. State data shows Marblehead ranks among the most property-wealthy communities in a group of comparable Massachusetts towns, based on the total value of local real estate. Yet the town sits closer to the middle when measured by residents’ income per capita and collects relatively less in property taxes compared with many similar communities. Like all municipalities in the state, Marblehead’s ability to raise property tax revenue is constrained by Proposition 2 1/2, which limits annual property tax increases to 2.5% unless voters approve an override.

COURTESY PHOTO

Ryan Horrigan and Grace Rigby medaled in a Feb. 27 Special Olympics competition.

A quantitative analysis of state financial data conducted by Marblehead resident Matt Hooks, who previously worked in private equity and corporate real estate, found the town ranks near the top of comparable Massachusetts communities in terms of property wealth. Using Department of Revenue data, Hooks compared Marblehead with 16 other communities of similar size, selecting eight with higher per capita incomes and eight with lower per capita incomes. He then analyzed differences in equalized property valuation — the state’s standardized measure of total property value that adjusts for differences in local property assessments — along with income levels and property tax burdens. TAXES, P. 6


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