SomervilleMeetings

26-0963 Mayor's Request Approved

Requesting the appropriation of $2,000,000 from the Water Enterprise Retained Earnings Account to the Water Capital Stabilization Fund.

Introduced
May 30, 2026
Assigned to
City Council
Enactment #
220950
View on Legistar

History

  1. Jun 29, 2026
    City Council Mayoral Approval
  2. Jun 25, 2026
    City Council Approved · roll call: pass Meeting agenda, item 6.F.9.
  3. Jun 23, 2026
    Finance Committee Recommended to be discharged with no recommendation · roll call: pass Meeting agenda, item 3.2
  4. Jun 11, 2026
    City Council Referred for recommendation Meeting agenda, item 7.15.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $2,000,000 from the Water Enterprise Retained Earnings Account certified as of July 1, 2025 to the Water Capital Stabilization Fund. The purpose of the appropriation is to build reserves for the Water-Sewer Capital Improvement Program. Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item. Respectfully Submitted, Jake Wilson, Mayor