City of Somerville, Massachusetts - File #: 24-0823

• File #: 24-0823
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 5/26/2024
• In control: City Council
• On agenda: 5/30/2024
• Final action: 6/25/2024
• Enactment date: 6/20/2024
• Enactment #: 217282
• Title: Requesting the appropriation of $1,000,000 from the Unreserved Fund Balance ("Free Cash") to the Salary & Wage Stabilization Fund.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/25/2024	1	City Council	Mayoral Approval
6/20/2024	1	City Council	Approved	Pass
6/18/2024	1	Finance	Recommended to be discharged with no recommendation
5/30/2024	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $1,000,000 from the Unreserved Fund Balance ("Free Cash") to the Salary & Wage Stabilization Fund.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $1,000,000 from Unreserved Fund Balance ("Free Cash") to the Salary & Wage Stabilization Fund as a reserve for collective bargaining agreements and non-union salary adjustments.

Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter.

Respectfully Submitted,

Katjana Ballantyne, Mayor