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Chelsea council introduces $7M/$3M free-cash transfers and multi-account appropriations; referred to Ways & Means
Summary
The City reported FY25 free cash certified at $32.38M and introduced a $7 million transfer to the general stabilization fund and $3 million to the school capital stabilization fund, plus a long list of smaller appropriations; the measures were referred to Ways & Means for detailed review.
City staff told the council that the Massachusetts Department of Revenue certified Chelsea’s free cash for FY25 at $32,380,414. Based on that certification, the administration introduced orders to transfer $7,000,000 to the general stabilization fund and $3,000,000 to the school capital stabilization fund to bolster reserves ahead of budget planning.
Clerk materials and council discussion listed the free-cash certification amounts (general fund $32,380,414; sewer $6,161,042; water $4,499,757) and a set of proposed FY26 appropriations from free cash ranging from equipment and overtime accounts to community events and EV charging infrastructure. Examples included $75,000 for electric vehicle charging station costs and $48,407.55 to cover past-due Eversource balances.
Councilors moved the transfer and the list of appropriations to Ways & Means for review. Members said the transfers are intended to replenish stabilization accounts and preserve flexibility for the FY27 budget process.
Next steps: Ways & Means will vet each appropriation and report back to the full council with recommendations before final votes.
