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Council approves $1.3 million one‑time appropriation to begin city accounting system overhaul
Summary
The council voted unanimously Oct. 28 to authorize a $1.3 million supplemental appropriation from FY2026 levy capacity — funded by new taxable value from the Rivers Edge properties — to begin replacing Medford's aging accounting software with a multi‑year, staged system upgrade. Staff said the project will be phased over several years and include training, data cleanup and consultant procurement.
The Bedford City Council voted Oct. 28 to approve a $1,300,000 one‑time supplemental appropriation to begin replacing the city’s outdated accounting system.
Mayoral staff and finance officials told the council the funding will come from increased levy capacity tied to River’s Edge properties rolling onto the city tax rolls. According to council discussion, certified new‑growth estimates rose to roughly $3.45 million this fiscal year after settlement of Mystic Valley Development Commission (MVDC/MBDC) negotiations, creating temporary room on the…
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