Agenda Text
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Requesting approval to create the Participatory Budgeting Stabilization Fund.
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Official Text
To the Honorable City Council:
I respectfully request that your Honorable City Council vote to create the Participatory Budgeting Stabilization Fund, under the provisions of MGL Chapter 40, Section 5B. This Fund will be used for the purpose of funding the administration and execution of a participatory budgeting process by which residents of Somerville can propose and vote on projects to fund in the community. Participatory budgeting will directly involve residents in municipal budgeting and priority-setting in the hope of creating a more equitable distribution of civic resources.
Funding sources for the Participatory Budgeting Stabilization Fund may include city appropriations, grants, gifts, and donations.
My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.
Respectfully Submitted,
Katjana Ballantyne, Mayor