North Adams Finance Committee Recommends $41M Budget
The North Adams City Council will be asked Tuesday to approve a $41 million fiscal 2021 budget.
The city has been using a continuing appropriation based on last year's budget for the past three months, totaling $11,369.776.
The state was forced to rewrite its spending plan in light of anticipated reductions in revenue because of the novel coronavirus pandemic.
A budget of $40,939,756 was presented to the Finance Committee over two meetings that stands at $134,218, or 0.33 percent, more than last year. Last week, Mayor Thomas Bernard had hoped for a decrease but said further review of the calculations adjusted the budget higher.
The mayor is proposing the use of a total of $320,427 in reserves to offset the increase.
The council will be asked to approve four one-time transfers from reserve accounts to cover the following department budget lines:
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