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City of Somerville header
File #: 25-1098    Version: 1
Type: Mayor's Request Status: Tabled
File created: 6/9/2025 In control: City Council
On agenda: 6/12/2025 Final action:
Enactment date: Enactment #:
Title: Requesting the appropriation of $2,715,270 from the Unreserved Fund Balance ("Free Cash") to the Street Reconstruction and Renovation Stabilization Fund to support the 5-Year Capital Investment Plan.
Code sections: Appropriation/Budget -

Agenda Summary

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Requesting the appropriation of $2,715,270 from the Unreserved Fund Balance ("Free Cash") to the Street Reconstruction and Renovation Stabilization Fund to support the 5-Year Capital Investment Plan.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $2,715,270 from the Unreserved Fund Balance ("Free Cash") to the Street Reconstruction and Renovation Stabilization Fund for the purpose of supporting the 5-Year Capital Investment Plan.

 

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

 

Respectfully Submitted,

Katjana Ballantyne, Mayor