SomervilleMeetings

23-0980 Mayor's Request Approved

Requesting approval of a transfer of $1,750,036 from the Salary Contingency Account-Salaries to the Salary & Wage Stabilization Fund.

Introduced
Jun 5, 2023
Assigned to
City Council
Enactment #
215696
View on Legistar

History

  1. Jun 27, 2023
    City Council Mayoral Approval
  2. Jun 22, 2023
    City Council Approved · roll call: pass Meeting agenda, item 6.J49.
  3. Jun 21, 2023
    Finance Recommended to be discharged with no recommendation Meeting agenda, item 35.
  4. Jun 8, 2023
    City Council Referred for recommendation Meeting agenda, item 7.25.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council transfer $1,750,036 from the Salary Contingency Account-Salaries to the Salary and Wage Stabilization Fund. The amount of $1,750,036 is the estimated balance in the General Fund Salary Contingency Account as of June 30, 2023.. This transfer preserves these funds in the Stabilization Fund for future collective bargaining settlements and various other salary adjustments. Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter . Respectfully Submitted, Katjana Ballantyne, Mayor