Finance Committee

City Hall, Room #105 215 Pleasant Street Malden, MA 02148

Agenda — 10 items

1. 1 Roll Call
2. 2 Minutes to be Approved
3. 2 Also Present: Councillors Simonelli and O'Malley via Teams Christopher Mooney-Assistant Solicitor Maria Luise-Special Assistant to the Mayor Ron Hogan-Chief Strategy and Innovation Officer Charles Ranaghan-Controller/CFO Jenn Spadafora-Vice Chair School Committee Councillor McDonald called the meeting to order at 6:34 PM. There will be audio and video of this meeting via Teams.
4. 3 Minutes of October 7, 2025 meeting to be approved. 380-25 approved Pass
5. 4 Minutes of October 14, 2025 meeting to be approved. 381-25 approved Pass
6. 5 Business
7. 6 Order: That the City of Malden hold a Special Municipal Election on March 31, 2026 and to include the following ballot question: Shall the City of Malden be allowed to assess an additional $5,400,000 in real estate and personal property taxes for the purposes of stabilizing the City’s budget and to support ongoing city services across all departments, including public schools, public safety, public library, public works and general government, for which the monies will be used for the fiscal year beginning July 1, 2026? A yes vote would support an increase in real estate and personal property taxes beginning with fiscal year 2027 (7/1/26 to 6/30/27). A no vote would make no change to the current tax structure. 363-25
8. 7 Other Business
9. 8 Adjournment adjourned Pass
10. 9 If you would like to request a reasonable accommodation, please contact Maria Luise, ADA Compliance Coordinator at mluise@cityofmalden.org or 781-397-7000 Ext. 2005 For instructions on enabling live translated captions in Teams, please visit: www.cityofmalden.org/captions