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Finance committee recommends Community Preservation Act transfers and appropriations for open space improvements and affordable housing trust correction
Summary
The finance committee recommended CPA transfers and appropriations including $55,631 moved into the open space reserve and a $100,000 appropriation for Dillboy Auxiliary Fields, a $300,000 transfer to the CPA open space land acquisition fund, and a corrected $1,468,693 appropriation from the CPA affordable housing reserve to the Affordable Housing Trust.
The Somerville Finance Committee on May 6 recommended multiple Community Preservation Act (CPA) transfers and appropriations to support open space improvements and to correct a prior affordable housing transfer.
The mayor requested (item 25-0398) a transfer of $55,631 from the CPA undesignated fund balance to the CPA open space reserve. Those funds, together with a $100,000…
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