The Finance Committee on Dec. 1 recommended a set of transfers intended to stabilize the city's pension and community-development accounts.

CFO Troy Clarkson presented a transfer of $3,388,863 from the pension stabilization fund to the Brockton Retirement Board to satisfy the city’s remaining normal cost for the year while plans advance to issue additional pension debt. Clarkson said the city has about $26,000,000 in the pension stabilization fund and that after the transfer the fund would remain "very healthy" at roughly $22,674,000.

Separately, administration asked to transfer $1,609,443 from certified free cash to cover deficits stemming from operations of the Brockton Redevelopment Authority (BRA) after those functions were brought in-house. Juan, finance staff, said the deficit reflects issues across three programs (CDBG, HOME and related funds) and that prior federal reimbursements were not available for certain BRA expenditures. The administration described external audits and HUD coordination underway; councilors pressed for more detail about timing and the composition of the deficit. Both orders were recommended favorably by the committee.