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May 10, 2013

Free cash to be tapped for snow costs

NEWBURYPORT — The City Council will meet Monday at 7:30 p.m. at City Hall, and members are scheduled to discuss a proposal to reach into its free cash account for about $156,361 to pay for snow and ice expenses incurred over the winter.

The measure that councilors will consider is a proposed transfer of $139,132 to “snow and ice expenses” and $14,228 for “snow and ice labor.”

Also, the sum of $3,000 is being requested for the replacement of a performance platform at Waterfront Park.

A comment on the budget transfer request stated that “weather conditions during this past winter were severe” and city officials say there is adequate money in the city treasury to permit a transfer to pay for extra expenses.

A statement signed by Mayor Donna Holaday said, “The Massachusetts Department of revenue has certified Free Cash for Fiscal Year 2013 at $2,241,951.

“With this transfer, there will be a balance of $1,383,560 remaining in the Free Cash account,” Holaday said.

The council must approve the transfer.

In another matter related to financial matters, the council is scheduled to receive a copy of the Fiscal 2014 budget.

Holaday said yesterday the document won’t be available to the public until after council members receive it.

Public hearings on the document have been scheduled for May 23, 29, 30, June 3 and June 5, according to City Councilor Bob Cronin.

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