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City says FY26 capital plan will be lean after $30M judgment and slower revenue growth
Summary
The director of infrastructure and asset management told the joint committee that lower revenue projections and a roughly $30 million liability tied to a 90 Washington judgment mean Somerville will publish a constrained FY26 capital investment plan and prioritize high-risk school needs.
Somerville officials told the joint City Council–School Committee meeting that the city’s upcoming fiscal year 2026 capital investment plan will be smaller than previously projected after reduced revenue growth and a court judgment tied to the 90 Washington parcel increased near-term liabilities by about $30 million.
Director Raich said Finance Director Bean briefed councilors on the city’s lower growth numbers and that a “disappointing judgment on the 90 Washington parcel…has added roughly $30,000,000 to our liabilities,” forcing staff to model a…
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