Finance Committee

Government · Finance Committee

Finance Committee backs $1.68 million in CPC funding

Finance Committee endorsed $875,000 for Burchard Park playground, $350,000 for Brooks School HVAC and $450,000 for window replacement

Townbrief reporting · Oct 29

Government · Finance Committee

Finance Committee Recommends $34M Trash Contract

Somerville's Finance Committee voted 5-0 to recommend approval of a $34 million, five-year trash hauling contract with Boston Carting Services LLC, plus five other budget items.

Townbrief reporting · Oct 29

Government · Finance Committee

Finance Committee sets 3.25% COLA for FY28

The Finance Committee voted 6-2 to recommend a 3.25% cost-of-living raise for fiscal 2028 and unanimously approved flat budget guidance.

Townbrief reporting · Oct 27

Government · Finance Committee

Finance Panel Reviews Growing FY28 Budget Gap

Finance Committee reviewed FY28 budget outlook with $3 million shortfall growing by $400,000 and raised local receipts revenue assumption.

Townbrief reporting · Oct 27

Government · Finance Committee

Finance Panel Sees FY28 Gap Shrink to $289,000

Finance Committee finalizes FY27 budget pressures letter and adopts semi-annual financial reporting.

Townbrief reporting · Oct 26

Government · Finance Committee

Finance Committee Approves $1.9M for Housing Trust

Newton's Finance Committee approved $1.9 million in Community Preservation Act funding for the Newton Affordable Housing Trust after rejecting a motion to hold the money.

Townbrief reporting · Oct 26

Government · Finance Committee

FinCom weighs FY28 tax hike, delays override call

Finance Committee discussed FY28 budget, determined override not needed, but requires tax increase close to 5.7%.

Townbrief reporting · Oct 26

Government · Finance Committee

Finance panel OKs $3.1M pump station bond

Somerville's Finance Committee voted 4-0 to recommend a $3,143,557 bond for Poplar Street pump station cost overruns tied to a federal PCB soil-disposal rule change.

Townbrief reporting · Oct 21

Government · Finance Committee

FinCom reviews 6.25% FY28 tax increase projection

Committee reviewed 6.25 percent tax increase projection, declined to set reduction target, and will pursue discussions with schools and town instead of seeking override.

Townbrief reporting · Oct 19

Government · Finance Committee

Finance Committee Weighs FY28 Budget Guidelines

Finance Committee discussed but did not vote on preliminary FY28 budget guidelines after members raised revenue and reserve concerns.

Townbrief reporting · Oct 15