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Finance Committee

March 24, 2026 ·6:00 PM Final ·Committee of the Whole

City Council Chamber and Remote Participation

Agenda — 27 items

  1. 1 (Posted online: 3/20/26 at 9:00 AM)
  2. 2 Pursuant to Chapter 2 of the Acts of 2025, this meeting of a City Council Committee will be conducted via remote participation. We will post an audio recording, audio-video recording, transcript, or other comprehensive record of these proceedings as soon as possible after the meeting on the City of Somerville website and local cable access government channels. Copy & paste the following link into your internet browser to view this meeting live: https://us02web.zoom.us/webinar/register/WN_uQ--ntkyTUmyLgrvRTu1Sg Persons with disabilities who need auxiliary aids and services for effective communication (i.e., CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures in order to access the programs, activities, and meetings of the City of Somerville should contact the ADA Coordinator in advance at 617-625-6600 x 2059 or ADA@somervillema.gov.
  3. 3 This meeting was held in-person and virtually via Zoom and was called to order at 6:05 pm by Chair Wheeler and adjourned at 7:32 pm with a roll call vote of 10 in favor (Councilors Ewen-Campen, Link, Clingan, Strezo, Sait, Davis, Hardt, McLaughlin, Scott and Wheeler), none opposed, and one absent (Councilor Mbah). Councilor Mbah arrived at 6:17 pm. Also present: Alan Inacio - Office of Stretegic Planning and Community Development Director of Finance and Administration, Jerome Thomas - Director of Veterans’ Services, Edward Bean - Director of Finance, Robert Berretta - Somerville Public Schools Chief Financial Officer and Delaney Fisher-Cassiol - Clerk of Committees
  4. 4 Roll Call
  5. 1. Approval of the Minutes of the Finance Committee Meeting of March 10, 2026. 26-0375 Accepted Pass
  6. 7 Grant and Gift Acceptances
  7. 2. Requesting approval to establish a Grant Match Account with a $15,000 transfer from the Department of Veterans' Services Grounds Maintenance Account to the Department of Veterans' Services Special Items Account for the Massachusetts General Court and the State Historical Records Advisory Board Grant match requirement. 26-0325 Recommended to be approved Pass
  8. 9 Appropriations
  9. 3. Requesting approval to appropriate $75,000 from the Bike Share Stabilization Fund for installation and startup costs of a Blue Bike station at the 16-20 Medford Street development site. 26-0202 Recommended to be approved Pass
  10. 4. Requesting the appropriation of $430,965 from the Unreserved Fund Balance ("Free Cash") to the Special Education Reserve Fund. 26-0163 Recommended to be approved Pass
  11. 12 Community Preservation Act Appropriations
  12. 5. Requesting the appropriation of $100,766 from the Community Preservation Act Fund Historic Preservation Reserve to the Somerville Museum to conserve artifacts in its collection. 26-0300 Recommended to be approved Pass
  13. 6. Requesting the appropriation of $200,000 from the Community Preservation Act Fund Open Space Reserve to the Open Space Land Acquisition Fund. 26-0299 Recommended to be approved Pass
  14. 7. Requesting the appropriation of $1,167,395 from the Community Preservation Act Fund Community Housing Reserve to the Affordable Housing Trust. 26-0298 Recommended to be approved Pass
  15. 8. Requesting the appropriation of $399,255 from the Community Preservation Act (CPA) Undesignated Fund Balance to the CPA Fund Community Housing Reserve. 26-0297 Recommended to be approved Pass
  16. 9. Requesting the appropriation of $50,000 from the Community Preservation Act Budgeted Reserve to the Housing Authority for improvements to the open space at the Mystic River/View developments. 26-0323 Recommended to be approved Pass
  17. 18 Communications
  18. 10. Conveying budget priorities and requests for FY 2027. 26-0357 Recommended to be marked work completed
  19. 11. Conveying budget priorities and requests for FY 2027. 26-0345 Recommended to be marked work completed
  20. 12. Conveying budget priorities and requests for FY 2027. 26-0344 Recommended to be marked work completed
  21. 13. Conveying budget priorities and requests for FY 2027. 26-0355 Recommended to be marked work completed
  22. 14. Conveying budget priorities and requests for FY 2027. 26-0335 Recommended to be marked work completed
  23. 15. Conveying budget priorities and requests for FY 2027. 26-0351 Recommended to be marked work completed
  24. 16. Conveying budget priorities and requests for FY 2027. 26-0349 Recommended to be marked work completed
  25. 17. Conveying budget priorities and requests for FY 2027. 26-0371 Recommended to be marked work completed
  26. 26 Referenced Documents: • Finance - 2026-03-24 Memo (with 26-0202)
  27. 18. Conveying budget priorities and requests for FY 2027. 26-0360 Recommended to be marked work completed