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Brockton Council approves $6.99 million transfer to health insurance trust fund after DOR guidance
Summary
The Brockton City Council voted Dec. 15 to transfer $6,992,153 from certified free cash to the Health Insurance Trust Fund after city finance officials said the Massachusetts Department of Revenue required liquidity documentation to set the tax rate; councilors pressed staff for a memo on recertification and free cash implications.
The Brockton City Council approved a $6,992,153 transfer from certified free cash to the Health Insurance Trust Fund at a Dec. 15 special meeting after an extended explanation from city finance staff about why the transfer was necessary.
Clerk introduced Item 5 as a mayoral communication under the General Laws of Massachusetts, Chapter 44, recommending that the council authorize the transfer. Councilors agreed to suspend the rules and act on the item at the special meeting.
The city's chief financial officer explained the request grew out of a spike in…
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