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Brockton approves large transfers to cover redevelopment deficits and bolster health insurance trust
Summary
On Dec. 15, Brockton’s Finance Committee and a special City Council meeting approved transfers totaling millions — including $1.61 million to cover redevelopment authority deficits and $6.99 million to the city’s health insurance trust — actions required by the Department of Revenue to set the tax rate.
BROCKTON — The Brockton City Council on Dec. 15 adopted a series of transfers and allotments the city’s finance leaders said were necessary to set the tax rate and demonstrate liquidity for self‑insured benefits.
At a special council meeting the body approved a $1,609,443 transfer from certified free cash to a reserve for appropriation deficits, a move the finance team said is needed after the city reclaimed control of CDBG and HOME funds from the Brockton Redevelopment Authority (BRA). CFO Dr. Troy Clarkson and Auditor Juan Gonzalez told councilors the city has engaged Clifton Larson Allen to produce a detailed financial statement for the period when the BRA oversaw those funds,…
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