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Officials give $150,000 revenue projection but fund-balance figures were inconsistent
Summary
Administration told the committee the amendment could yield about $150,000 in additional annual revenue (raising receipts from about $50,000 to $200,000), but answers about the revolving fund's current balance were inconsistent on the record.
During questioning, Chris Kramer said the ordinance amendments would generate roughly $150,000 in additional annual revenue above current receipts, noting the amount is contingent on weather and demand-response event calls from Eversource and regional grid operators. "It's a 150,000, in additional new annual revenue, above what we're currently making right now," Kramer said, adding the estimate would move receipts from “about 50,000 to 200,000.”
When asked about the fund’s current balance, testimony produced inconsistent statements. One staff response said the balance was "Under $10,000, I believe," and shortly afterward another speaker said, "I think it's the last time I checked, around $202,500 dollars, I think." The committee did not resolve the discrepancy during the hearing. Members requested clarity on historical expenditures (transfers to Boston Public Schools to operate and maintain combined heat-and-power plants) and on how annual revenues would translate to enrollments and equipment investment.
