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Finance Committee Recommends $3.06 Million Bond, $3.0M Stabilization Transfer for FY26 Street Resurfacing
Summary
The Somerville Finance Committee voted to recommend approval of a $3,057,826 bond and a $3,000,000 transfer from the Street Reconstruction and Resurfacing Stabilization Fund to support the FY26 street resurfacing program, part of a roughly $9 million FY26 streets package.
Somerville — The Finance Committee on Tuesday recommended that the City Council authorize a $3,057,826 bond and appropriate $3,000,000 from the Street Reconstruction and Resurfacing Stabilization Fund for the fiscal year 2026 street resurfacing program.
Chair Jake Wilson opened the item and city officials said the two requests are part of a comprehensive FY26 streets package that aligns with the city's five-year capital improvement plan. "These two authorizations are part of overall funding sources that will be used for the FY26 streets package projects," said Michael Richards, director of…
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