City of Somerville header
File #: 201592    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/2/2016 In control: City Council
On agenda: 6/3/2016 Final action: 6/23/2016
Enactment date: 6/7/2016 Enactment #: 201592
Title: Requesting an appropriation of $2,500,000 from Unreserved Fund Balance ("Free Cash") to reduce the FY2017 Tax Levy.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting an appropriation of $2,500,000 from Unreserved Fund Balance ("Free Cash") to reduce the FY2017 Tax Levy.

 

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Official Text

To the Honorable Board of Aldermen:

 

I respectfully request an appropriation in the amount of two million, five hundred thousand dollars ($2,500,000) from Unreserved Fund Balance (“Free Cash”) for the purpose of reducing the Fiscal Year 2017 tax levy. 

 

Thank you for your consideration.

 

Respectfully submitted,

 

Joseph A. Curtatone

Mayor