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CFO presents FY25 budget status: spending-monitoring tools, school transportation costs and enterprise‑fund issues highlighted
Summary
Chief Financial Officer Dr. Troy Clarkson presented a February FY25 budget update on Feb. 18, showing department-level spending trackers, noting overall city spending near target while flagging school transportation costs, rising insurance premiums and enterprise-fund retained earnings as areas for ongoing focus.
At a Feb. 18 Finance Committee resolve, Chief Financial Officer Dr. Troy Clarkson reviewed Brockton’s FY25 budget monitoring tools and current financial position and answered councilors’ questions about school spending, insurance costs, enterprise retained earnings and marijuana-related revenue.
Clarkson said the city’s monitoring spreadsheet showed the fiscal year was 62.47% complete as of Feb. 13 and that overall city spending was at 62.7% — near the target percentage for the year. He said some cells light up red when spending outpaces the expected percentage and that his office meets monthly with departments to review those trends and determine whether transfers or austerity measures are needed.
Several councilors raised specific concerns. Councilor Farwell and others pressed on collective bargaining…
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