City of Somerville header
File #: 206026    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/4/2018 In control: City Council
On agenda: 6/6/2018 Final action: 6/28/2018
Enactment date: 6/6/2018 Enactment #: 206026
Title: Requesting an appropriation of $1,750,000 from Unreserved Fund Balance ("Free Cash") to reduce the FY19 Tax Levy.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting an appropriation of $1,750,000 from Unreserved Fund Balance ("Free Cash") to reduce the FY19 Tax Levy.

 

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Official Text

 

To the Honorable Board of Aldermen:

 

I respectfully request an appropriation in the amount of one million, seven hundred fifty thousand dollars ($1,750,000) from Unreserved Fund Balance (“Free Cash”) for the purpose of reducing the Fiscal Year 2019 tax levy. 

 

Thank you for your consideration.

 

Respectfully submitted,

 

Joseph A. Curtatone

Mayor