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Finance Committee – 5/23/2023 Report

The Finance Committee voted to approve the following (see Report and watch video on NewTV):

  • Request to appropriate and expend $10,000,000 in FY22 Free Cash for the Lincoln-Eliot Elementary School construction project. Finance Approved 2-1-4 (Councilor Malakie opposed and Councilors Gentile, Grossman, Oliver, and Kalis abstaining and Councilor Norton not voting). This item is the subject of Special Meetings scheduled for May 31 and June 1.

The Finance Committee’s vote not to approve the following item:

  • Request to transfer $1,500,000 from the Reserve for Snow & Ice Removal Account and $250,000 from June 30, 2022 Certified Free Cash to the Rainy Day Stabilization Fund. Finance Motion to Approve Failed 1-3-3 (Councilors Humphrey, Noel and Gentile opposed and Councilors Oliver, Malakie, and Grossman abstaining, and Councilor Norton not voting).
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