Preliminary Schedule for Finance Committee Meetings

‭CAMBRIDGE CITY COUNCIL‬ ‭Patricia Nolan‬ ‭Joan Pickett‬ ‭City Councillor‬ ‭City Councillor‬ ‭To:‬‭The Cambridge City Council‬ ‭Date:‬‭February 22, 2024‬ ‭Subject:‬‭Preliminary Schedule for Finance Committee Meetings‬ ‭To the Honorable Mayor, the City Council:‬ ‭As co-chairs of the Finance Committee, we are providing an update on upcoming meetings so‬ ‭that we may have a productive and collaborative budget process. We intend to build upon the‬ ‭work of last term, which offered the council and the community opportunities to give input long‬ ‭before the budget was finalized. And, we will continue the progress made towards providing‬ ‭greater accountability and transparency throughout the budget process through the Finance‬ ‭Committee. We are grateful to the Mayor, the City Manager, and the entire City Council for the‬ ‭commitment to goal-setting this term and we hope that the transparency provided through the‬ ‭budget process will help us further this collaboration.‬ ‭In addition to the statutorily required budget hearings in May, which will be scheduled at a later‬ ‭date, we have worked with the City Manager and his staff to schedule Finance Committee‬ ‭meetings on the following topics:‬ ‭Wednesday, February 28, 2024, at 3:00pm‬‭– The Finance Committee will have a public‬ ‭meeting to review and discuss the Operating Budget in advance of the FY25 budget season‬ ‭including a discussion of currently known budget obligations and future spending plans, and to‬ ‭discuss City Council budget priorities and goals.‬ ‭Tuesday, March 19, 2024, at 3:00pm‬‭– The Finance Committee will hold a public meeting to‬ ‭review and discuss the FY25 Capital Budget and to continue the December 12, 2023 City‬ ‭Council discussion on Public Investment Planning and to discuss City Council capital budget‬ ‭priorities and goals.‬ ‭Tuesday, March 26, 2024, at 3:00pm‬‭– The Finance Committee will hold a public meeting to‬ ‭receive a status update on the American Rescue Plan Act (ARPA) Funding in Cambridge, as well‬ ‭CITY HALL, CAMBRIDGE, MASSACHUSETTS 02139‬

‭as to review and discuss the Police Department budget for FY25 before it is submitted to the City‬ ‭Manager, as required under Cambridge Municipal Code‬‭Chapter 2.74.040‬‭.‬ ‭If you have any questions or comments on this schedule, please let us know.‬ ‭Sincerely,‬ ‭Patricia Nolan‬ ‭Joan Pickett‬ ‭Finance Committee Co-chairs‬ ‭Cambridge City Council‬ ‭2‬