City of Somerville header
File #: 22-1923    Version: 1
Type: Mayor's Request Status: Approved
File created: 11/7/2022 In control: City Council
On agenda: 11/10/2022 Final action: 12/2/2022
Enactment date: 11/22/2022 Enactment #: 214646
Title: Requesting the appropriation of $1,616,575 from the Receipts Reserved for Appropriation Parking Meter Receipts Account to reduce the FY 2023 Tax Rate.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
Code sections: Appropriation/Budget -

Agenda Summary

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Requesting the appropriation of $1,616,575 from the Receipts Reserved for Appropriation Parking Meter Receipts Account to reduce the FY 2023 Tax Rate.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council approve the appropriation of $1,616,575 from the Receipts Reserved for Appropriation, Parking Meter Receipts Account  for the purpose of reducing the FY2023 Tax Rate.

This appropriation is required for the FY2023 Tax Recapitulation Sheet Filing to the Massachusetts Department of Revenue.

 

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