The City Manager is requested to instruct the City Solicitor to prepare a home rule petition that would allow the City to implement an endowment surcharge to be assessed at the rate of 1% of the annual interest in excess of $1-million earned on any endowment of any organization which has more than 5% of its total property in Cambridge listed as tax exempt Councillor Toomey, Vice Mayor Decker, Councillor Galluccio, Councillor Murphy, Councillor Reeves and Mayor Sullivan

What happened

The clerk's record shows no vote or disposition against this item. Some are received and filed without one, and a roundtable takes no votes at all. If the city's record shows otherwise, that is exactly what an audit should catch.