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Monday, January 16, 2012

Finance Committee of the Whole to Meet

Ward 2 Alderman Maryann Heuston is wasting no time in scheduling Finance Committee meetings to reallocate existing City funds to finance the arbitration award given to the Somerville Fire Department recently according to the items on the agenda...

· Request to transfer $1,157,534 from various departments to the SFD Salaries Account
· Request to use available funds of $418,957 from the SFD Salaries Account to fund the retroactive salary and wage increase related to the JLMC award.
· Request to appropriate $255,648 from the Unreserved Fund Balance to the SFD Salaries Account.
· Request to transfer $2,400,000 from the Salary Contingency Account to the SFD Salary Account.

The meeting is scheduled for January 18th at 6pm in the Aldermanic Chambers of City Hall.

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