Finance
Athol Finance Committee recommends passing 30 of 34 Town Meeting articles – Athol Daily News
Overview:
The Athol Finance and Warrant Advisory Committee recommended passing 30 of the 34 Town Meeting articles, with two recommended against and two held until the next meeting. The two articles that were not recommended for passage dealt with the town’s responsibility for maintenance of private roadways. Article 29 would amend the town’s bylaws to allow temporary repairs to be made to private ways, while Article 34 would require the town to minimally maintain all asphalt private roads. The committee decided to delay action on Articles 7 and 21 until the Selectboard addresses the issue at its meeting on Tuesday.
ATHOL – A recent meeting of the Finance and Warrant Advisory Committee saw a recommendation to pass 30 of the 34 Town Meeting articles, with two recommended against and the two more held until the next meeting.
In light of the uncertainty over the details of Article 29 and concerns regarding Article 34, a citizen’s petition, the committee voted unanimously not to recommend passage. The two articles each have to do with the town’s responsibility relative to maintenance of private roadways, including temporary repairs and plowing.
Article 29 would amend Chapter V, Section 33 of the town’s bylaws by removing the wording of Section 33 in its entirety and replacing it with new language. This section of the bylaw deals with the maintenance of private ways.
The new wording describes temporary repairs as including “grading and/or the filling of holes or depressions, as the superintendent of public works may deem suitable…[I]n no event shall such temporary repairs include extensive construction, reconstruction or installation of drainage.” The work would be done at the discretion of the highway superintendent.
The article also states that a petition from three-fourths of the abutters on a private way asking for temporary repairs can be presented to the Selectboard and forwarded to the Department of Public Works director. It will be up to the director to determine whether the requested repairs constitute a “public necessity.” The Selectboard will then vote to either approve or deny the petition following a public hearing.
Committee Chair Ken Duffy pointed out the existing bylaw requires petitions to be signed by all of the abutters. DPW Director Paul Raskevitz. added that, while the property of abutters on most private ways extends to the middle of the road, King Road is different.
“That one whole road is owned by one person on the end,” Raskevitz said at the committee’s meeting on May 12.
Article 29 also states that, if a petition is approved, the town manager must then determine if funds are available to do the work, “whether the financing…requires an appropriation, or borrowing.” If approved, the Selectboard must also determine if abutters will be assessed betterment charges and whether they will be required to put down a cash deposit for the work.
Article 34, submitted as a citizen’s petition from residents of King Road and other private ways, would maintain the wording of Chapter V, Section 33, relative to private roads. It also calls for the town to “minimally maintain all asphalt private roads” in the town. Such maintenance would include annual filling of potholes “with use of only asphalt or asphalt-based materials” and “minimal repairs of road drainage issues,” such as repairs to culverts.
“I was out on King Road Sunday,” said committee Chair Ken Duffy. “That first quarter mile is a bomb field. I know nothing about roads, but to me, we don’t have enough patch in this town for that section. That first two-tenths of a mile has got to be right down to the ground, to the dirt.”
“The problem is the lowest part,” said DPW Director Paul Raskevitz. “After it rains, it’s covered in standing water everywhere.”
Regarding the articles, said Duffy, “I think we have to think long and hard about what we’re getting into. After Article 29, the petition article says all the town roads are to be maintained, including that potholes be filled.”
Raskevitz said there are currently 33 private roads in Athol totaling about three miles in length. Of that number, only seven are plowed by the town in winter, through a memorandum of understanding approved by the Selectboard.
“Plowing it is one thing,” said Duffy. “Maintaining is a whole different ballgame.”
Town Manager Shaun Suhoski said the current wording for Article 29 is “just a placeholder,” adding that the Selectboard will look at a shorter version at its meeting on Tuesday, May 19.
“It’s a little too close to Town Meeting to change it,” Suhoski said. “I think we’re going to need a fall meeting this year.”
The articles on which the committee decided to delay action were Articles 7 and 21, both of which will be taken up by the Selectboard at its meeting on Tuesday. Article 7 deals with the proposed town budget for FY 27, while Article 21 asks for a transfer of $100,000 from free cash to the account set aside for “demolishing or securing unsafe structures.”
Several committee members, including Mike Butler and Vice Chair Ben Feldman said that, at this juncture, they opposed such a transfer. Both decided to wait until the committee’s meeting next Wednesday to see how the Selectboard addresses the issue at its Tuesday meeting before entertaining a motion to not recommend Article 21.
The Selectboard meeting on Tuesday, May 19, begins at 7 p.m. in Room 21 at Town Hall. The May 20 meeting of the Finance and Warrant Advisory Committee starts at 5:30 p.m., also in Room 21. Town Meeting takes place on June 8.
Harmonization of the procedural framework for discussions
relating to the adaptation and strengthening
of the Casino Group’s financial structure
Paris, 15 May 2026
Further to the Group’s previous communications regarding the project to strengthen and adapt its financial structure, discussions are continuing with financial creditors across various entities within the Group.
As the formalization of a comprehensive agreement is facilitated by the existence of a uniform framework, the Group has applied to the President of the Paris Economic Activities Court for the opening of conciliation proceedings for the benefit of several of its companies1 for an initial period of four months, potentially extendable by one month. In this context, the appointment of SCP BTSG (Maître Marc Sénéchal) as conciliator is being considered for certain of these entities, while the appointment of SCP CBF Associés (Maître Lou Fréchard) is being sought as conciliator for Quatrim.
The Group will seek the consent of Quatrim’s high-yield bondholders for the opening of conciliation proceedings concerning Quatrim and Monoprix SAS, being respectively borrower and guarantor of these bonds.
These conciliation proceedings, which are consistent with those initiated early March2, only concern the financial debt of the companies involved and will have no impact on the Group’s relationships with its operating partners (in particular its suppliers) and employees. Operational activities will continue as normal, in line with the Group’s strategic priorities.
***
ANALYSTS AND INVESTORS CONTACTS
Charlotte IZABEL – cizabel@groupe-casino.fr – Tél: +33 (0)6 89 19 88 33
IR_Casino@groupe-casino.fr – Tél : +33 (0)1 53 65 24 17
PRESS CONTACTS
Casino Group – Communications Department
Stéphanie ABADIE – sabadie@groupe-casino.fr – Tél : +33 (0)6 26 27 37 05
directiondelacommunication@groupe-casino.fr – Tél : + 33(0)1 53 65 24 29
1 Casino Guichard Perrachon, Naturalia France, Monoprix SAS, Monop’ SAS, Samada, Aux Galeries de la Croisette, Monop’Station, O’Monoprix, OLogistique, C- Logistics, C-Technology, CLR, CLV, CShield, Cnova France, IGC Services, Cnova Pay, Casino Finance, Franprix Leader Price Holding and Quatrim
2 Press release dated 9 March 2026 : conciliation proceedings initiated for the benefit of Maas, Sédifrais, ExtenC, Monoprix Holding, Monoprix Exploitation, Distribution Franprix, Franprix-Leader Price Finances, Achats Marchandises Casino and Cdiscount
Attachment
Texas restaurant operators are continuing to face mounting financial pressure as rising food and fuel costs impact businesses across the state, according to the latest quarterly economic report from the Texas Restaurant Association.
The association’s 2026 first-quarter report shows that many restaurant owners are struggling to keep up with increased operating expenses while trying to avoid passing those full costs on to customers.
“You know, what we’re seeing a lot of in Texas from these quarterly economic reports that we do is that food costs continue to rise,” said Texas Restaurant Association Chief Marketing Officer Tony Abroscato. “We all know that it’s up 35% since the pandemic. And so that’s an impact on our restaurant.”
According to the report, 77% of restaurant operators reported increased costs of goods, while 66% said suppliers have added fuel surcharges as gas prices continue to climb.
“We’re seeing that 90% of consumers start to adjust their habits based upon rising gas prices,” said Tony Abroscato. “Then also those gas prices impact the cost of food because everything is trucked and shipped and a variety of different things.”
In addition to rising costs, labor shortages remain a major concern for restaurant owners. More than half of association members reported difficulties finding enough workers.
“You know, immigration is difficult and has had an impact on the restaurant industry, the farming industry, which again, then raises prices along the way,” said Abroscato.
Despite the financial challenges, the Texas Restaurant Association’s 2026 first-quarter report shows that Texas restaurants are only passing a portion of those increased costs on to customers while absorbing the rest through reduced profits.
Some restaurant owners have been making changes to adjust, like limiting menu items or even turning to QR code ordering, Abroscato said.
Copyright 2026 by KSAT – All rights reserved.
Finance
Household savings, income and finances in Spain: how did they fare in 2025 and what can we expect for 2026?
In 2025, GDI grew above the rate of average annual inflation (2.7%) and the growth in the number of households (1.3% according to the LFS), which allowed for a recovery in purchasing power. In this context, real household income has grown by 4.5% since before the pandemic, highlighting that households have continued to gain purchasing power in real terms.
The strong financial position of households is reflected not only in the high savings rate but also in their financial accounts. In this regard, households’ financial wealth continued to increase in 2025: their financial assets amounted to 3.4 trillion euros at the end of the year, versus 3.1 trillion at the end of 2024. This increase of 292 billion euros is broken down into a net acquisition of financial assets amounting to 95 billion, higher than the 21.5-billion average in the period 2015-2019, when interest rates were very low, and a revaluation effect of 194 billion. When breaking down the net acquisition of assets, we note that households invested 42 billion euros in equities and investment funds, just under 9.6 billion less than in deposits, while they disposed of debt securities worth 6 billion following the fall in interest rates.
On the other hand, households continued to deleverage in 2025, and by the end of the year their financial liabilities stood at 46.9% of GDP, compared to 47.8% in 2024, the lowest level since the end of 1998. This decline reflects the fact that, in 2025, households took advantage of the interest rate drop to prudently incur debt: net new borrowing amounted to 35 billion euros, representing an increase of 3.8%, which is lower than the nominal GDP growth of 5.8% and the GDI growth of 5.3%.
As a result of the increase in financial assets and the decrease in liabilities as a percentage of GDP, the net financial wealth of households recorded a notable increase of 7.3 points compared to 2024, reaching 156.8% of GDP.
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