SomervilleMeetings

24-0829 Mayor's Request Approved

Requesting the appropriation of $2,589,087 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund to support the 5-Year Capital Investment Plan.

Introduced
May 26, 2024
Assigned to
City Council
Enactment #
217288
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History

  1. Jun 25, 2024
    City Council Mayoral Approval
  2. Jun 20, 2024
    City Council Approved · roll call: pass Meeting agenda, item 6.H.16.
  3. Jun 18, 2024
    Finance Recommended to be discharged with no recommendation Meeting agenda, item 22.
  4. May 30, 2024
    City Council Referred for recommendation Meeting agenda, item 10.2.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $2,589,087 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund for the purpose of funding the 5 Year Capital Investment Plan. Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item. Respectfully Submitted, Katjana Ballantyne, Mayor