City of Somerville header
File #: 191644    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/9/2011 In control: City Council
On agenda: 6/13/2011 Final action: 6/23/2011
Enactment date: 6/23/2011 Enactment #: 191644
Title: Requesting approval to appropriate $3,500,000 in Free Cash to reduce the FY2012 Tax Levy.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting approval to appropriate $3,500,000 in Free Cash to reduce the FY2012 Tax Levy.

 

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Official Text

To the Honorable Board:

 

I respectfully request an appropriation in the amount of three million, five hundred thousand dollars ($3,500,000) from Unreserved Fund Balance (“Free Cash”) for the purpose of reducing the Fiscal Year 2012 tax levy. 

 

Thank you for your consideration.

 

Respectfully submitted,

 

Joseph A. Curtatone

Mayor