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Finance committee warned city will likely need free cash to cover snow-and-ice deficit

2124063 · January 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City finance staff reported the snow-and-ice account was running low and projected a need for a free cash appropriation after recent snow; the account had about $95,000 left when the communication was written and may now be in deficit following storms.

City finance staff told the Gardner Finance Committee on Jan. 15 that the snow-and-ice account was expected to need a free cash appropriation before the end of the fiscal year. The communication, dated Jan. 7, said the account had about $95,000 remaining from an original $300,000…

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