At the September 15 Select Board meeting, Finance Director Brian Keveny warned that Wayland’s fiscal problem is no longer cyclical. The town is sliding into what he called a structural deficit — a recurring mismatch between what the town can legally raise under Proposition 2½ and what it must spend on wages, benefits, pensions, insurance, and schools. “We can balance FY27, but the structural deficit doesn’t go away,” Keveny said. “It comes back year after year, because the underlying cost drivers are fixed and increasing.” His 15-year financial forecast showed shortfalls almost every year from FY2027 until FY2036, when pension