Finance Committee — May 12, 2026

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📄 📄 agenda · 📄 minutes · packet

Agenda Items (15)

• The Finance Committee will conduct a public hearing on the City and School budgets covering the fiscal period July 1, 2026 to June 30, 2027.
• A communication transmitted from Yi-An Huang, City Manager, relative to submission of the FY2027 budget and appropriation orders for the General Fund, Water Fund, and Public Investment Fund.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $10,000,000.00 to provide funds for the design and construction of improvements along Massachusetts Avenue and vicinity between Bigelow Street and Sindey Street
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $13,000,000 to provide funds for the reconstruction of various City streets and sidewalks.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $12,000,000 to provide funds to replace and modernize the City’s Enterprise Resource Planning (ERP) system.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $14,000,000 to provide funds for remediation and improvements at Gold Star Mothers Park.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $28,500,000 to provide funds for the Municipal Facilities Improvement Plan.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $12,795,000 to provide funds for financing school building upgrades.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $8,375,000 to provide funds for the design and construction of surface enhancements and sewer and drainage infrastructure improvements in the Baldwin neighborhood.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $500,000 to provide funds for the City’s Climate Change Program to improve protection against flooding and extreme heat.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $7,500,000 to provide funds for the sewer Combined Sewer Overflow Control Program.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $1,000,000 to provide funds for design and construction of the Harvard Square sewer separation and stormwater management program.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $310,000 to provide funds for the replacement of Ozone generators at the Water Department.
• A communication transmitted from Yi-An Huang, City Manager, relative to the appropriation and authorization to borrow $2,000,000 to provide funds for water works construction projects for repairs and replacement of water distribution infrastructure.
• A communication was received from Taha Jennings, Budget Director, transmitting the FY27 Budget Hearing schedule.