City of Somerville header
File #: 208338    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/2/2019 In control: City Council
On agenda: 6/3/2019 Final action: 6/27/2019
Enactment date: 6/5/2019 Enactment #: 208338
Title: Requesting an appropriation of $1,100,000 from Unreserved Fund Balance ("Free Cash") to reduce the FY2020 Tax Levy.
Code sections: Appropriation/Budget -

  Agenda Text

title

Requesting an appropriation of $1,100,000 from Unreserved Fund Balance ("Free Cash") to reduce the FY2020 Tax Levy.

 

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Official Text

To the Honorable City Council:

 

I respectfully request an appropriation in the amount of one million, one hundred thousand dollars ($1,100,000) from Unreserved Fund Balance (“Free Cash”) for the purpose of reducing the Fiscal Year 2020 tax levy. 

 

Thank you for your consideration.

 

Respectfully submitted,

 

Joseph A. Curtatone

Mayor