The Finance and Advisory Board is appointed by the Moderator and derives its authority and responsibilities from the statutes of the Commonwealth of Massachusetts, the Special Act, and the By-Laws of the Town.
The Stoneham Finance and Advisory Board is to:
Review fiscal and capital matters
Consider and balance the needs of all citizens
Explain the impact of decisions to Town Meeting
From the Town By-Laws
“Section 2-18. Matters to be considered: The Finance and Advisory board shall consider matters relating to the appropriation, the borrowing and the expenditures of money by the town; its indebtedness; the methods of administration of its various officers and departments: property valuation and assessments; revenue sources and other municipal affairs; and make recommendations to the town, and any town board, officer or committee, relative to such matters. (1932 Bylaws, Article 2, Section 3; revenue sources, 5-4-92)“