Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mayor transmits FY27 budget with $10M structural deficit; council refers appropriation to finance committee
Summary
The mayor transmitted a FY27 appropriation order citing a nearly $10 million structural deficit, about $4.5 million in proposed reductions and $5.2 million in reserve use; the council voted to refer the appropriation to the finance committee under the 45-day review process.
The Malden City Council received the mayor's FY27 annual appropriation order, and a transmittal memo read into the record warned of a nearly $10 million structural deficit and proposed roughly $4,500,000 in budget reductions coupled with $5,200,000 in reserves to soften impacts on core services.
"I submit for your consideration the proposed fiscal year 2027 budget," the transmittal read, noting that earlier voters rejected an…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
