City of Somerville, Massachusetts - File #: 192132

• File #: 192132
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 10/24/2011
• In control: City Council
• On agenda: 10/27/2011
• Final action: 12/20/2011
• Enactment date: 12/20/2011
• Enactment #: 192132
• Title: Requesting the establishment of a new Stabilization Fund to be known as the Workforce Training Stabilization Fund, under the provisions of MGL c40, s5B.
• Code sections: Stabilization Fund -

Date	Ver.	Action By	Action	Result
12/22/2011	6	BOA	Mayoral Approval
12/20/2011	5	City Council	Approved
12/14/2011	4	Finance	Approved
10/27/2011	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting the establishment of a new Stabilization Fund to be known as the Workforce Training Stabilization Fund, under the provisions of MGL c40, s5B.

body

Official Text

To the Honorable Board:

I hereby request, subject to the approval of your Honorable Board, the establishment of a new Stabilization Fund to be known as the Workforce Training Stabilization Fund, under the provisions of Chapter 40, Section 5B of the Massachusetts General Laws.

The purpose of the Workforce Training Stabilization Fund will be to fund programs and services that train and assist Somerville residents in competing for higher quality jobs that offer better wages and benefits packages than what has been historically available to them.

The fund will be seeded by a $100,000 mitigation obligation from IKEA, Inc.

Thank you for your consideration.

Respectfully submitted,

Joseph A. Curtatone

Mayor