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CFO: Lowell certifies $8.95M free cash; council to consider appropriations and FY27 guidance
Lowell City Council · February 18, 2026
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Summary
CFO Baldwin told the council that the city’s free cash is certified at $8,949,041 and recommended appropriations to replenish prior draws and fund priorities; the administration also issued FY27 budget instructions requesting departments submit 'plan B' 10% reductions.
CFO Baldwin reported to the council on Feb. 17 that the Massachusetts Department of Revenue certified Lowell’s free cash at $8,949,041 for FY25. Baldwin recommended using the certified funds to replenish previous withdrawals (including $2.8 million used to mitigate tax impact in FY26), to address…
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