After a lengthy debate, the City Council rejected Mayor Fuller’s proposal to establish an Operations Booster Stabilization Fund — a fund designed to help pay for a portion of the annual general fund appropriations for the City’s pension system. As the Mayor explained in August, the fund would hold $20,500,000…
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The Mayor’s proposal to create an Operations Booster Stabilization Fund (OSBF) (see Fig City News article) is headed back to the Finance Committee. The Council began its discussion of the OBSF late on September 18, at approximately 10:25 PM — after the Council had received a presentation from the Mayor…
In an e-newsletter sent on Sunday December 17, Mayor Ruthanne Fuller announced that she had indicated commitment for “70% of $26 million” in property tax Overlay Surplus funds to supplement the existing Newton Public Schools (NPS) budget. Background: Since the March 2023 operating override vote was not approved and the…
A new development in the ongoing Newton Public Schools (NPS) budget debate occurred at the October 23 School Committee meeting: the consensus of the Superintendent, School Committee, and Mayor to find a way to transform excess one-time City funds to increase NPS funding over eight years beginning in FY 2025.…
The Finance Committee voted to approve the following (see Report and watch NewTV video): The Finance Committee voted to deny the following: According to the report, CFO Maureen Lemieux responded to questions previously proposed by Councilor Kalis as well as questions raised by Councilor Humphrey. She made it clear that…
Finance will meet virtually (Zoom link) on Tuesday, October 10 at 7PM. The agenda includes the following requests: Zoning and Planning will meet in person (Council Chamber) and virtually (Zoom link) on Tuesday, October 10 at 7PM. The agenda includes the following request: Chair’s Note: The Chair will entertain a…
The Finance Committee voted to approve the following (see Report): The Finance Committee voted to hold the following:
Newton’s Comptroller, Stephen Curley, has reported that on September 25 the Massachusetts Department of Revenue certified the amount of the City of Newton’s Free Cash — the amount of unrestricted funds available from operations in the previous year – to be $27,912,423. In late August, Mayor Ruthanne Fuller had announced that the…
Zoning and Planning will meet in person (Council Chamber) and virtually (Zoom link) on Tuesday, September 26 at 7PM. The agenda includes the following: See the 155-page Planning Memo. Finance Committee’s regularly scheduled meeting has been canceled. See Meeting Cancellation Notice. Finance Committee will meet virtually (Zoom link) on Thursday,…
The Finance Committee voted to approve the following (see Report and watch NewTV video): The Finance Committee voted to deny the following: The intent is for the OBSF to remain open for at least 3 years (eventually going to $0). Any appropriation from this fund would require a 2/3 vote…
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