Asked the City Manager to amend the Investment Policy section of the fiscal year 2022 budget book by adding this sentence: “Within six months of adoption of this budget, the investment committee will provide recommendations on any revisions to the investment policies to ensure that all city owned investments follow the council’s directive to avoid investments with or in institutions, companies or organizations invested in or funding fossil fuel endeavors or private prisons."

How it started

Jun 7, 2021 · Proposed by Councillors Nolan and Zondervan, Mayor Siddiqui, Councillors McGovern, Sobrinho-Wheeler, Simmons, and Carlone, and Vice Mayor Mallon: a formal request from the Council to the administration.

What happened

Jun 7, 2021 · ✅ Order adopted. The Council's request went to the City Manager. (unanimous)

Voted yes (9), unanimous

Dennis Carlone
Patty Nolan
Jivan Sobrinho-Wheeler
Alanna Mallon
Marc McGovern
Sumbul Siddiqui
E. Denise Simmons
Timothy J. Toomey
Quinton Zondervan

Roll call of Jun 7, 2021 · from the city’s record · photos: City of Cambridge

What’s next

⌛ No response on the docket: nothing has been filed back under this request's number. Answers sometimes arrive as other items; this ledger tracks only this one.

🏛 This item on the city's site

🗓 The meeting where this was taken up: Jun 7, 2021