Finance Committee to Meet – Wednesday, May 30th

The Finance Committee will meet on Wednesday, May 30th at 7:00 p.m. in Room 211.  The agenda includes the following:

  • Request to increase the Retiree COLA (Cost of Living Adjustment) from $12,000 to $13,000
  • Request to transfer $20,000 from Inspectional Services Full-time Salaries Account to Inspectional Services Vehicle Maintenance Account
  • Request to accept and expend an $85,000 Mass Housing Grant to analyze financial impacts of potential developments – Washington Street, Needham Street, and Riverside in addition to the proposed new Zoning Ordinance
  • Request to transfer $348,000 from Current Year Reserve Accounts to various department budgets to fund the cost of items contained in a one-year contract with the Teamsters
  • Request for Home Rule Legislation to increase the income limit for qualifying seniors for the 41A Tax Deferral Program
  • Submittal of the Investment Policy for the Rainy Day Stabilization Fund