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Mayor announces “free cash” tally

Mayor announces “free cash” tally

MAIN STREET JOURNAL – The Massachusetts Depart­ment of Revenue (DOR) recently certified the amount of $8.9M in “free cash” for the City of Marlborough. Mayor Arthur Vigeant attributed the surplus to continued economic growth and conservative budgeting. ”The strong partnership that exists between my office, the city’s financial team, and the City Council means we are all on the same page when it comes to budgeting and economic growth,” wrote the mayor in a letter to the City Council announcing the news.

“Over the next few years, we face some challenges, including higher levels of debt service from the new elementary school and the proposed library and fire station projects,” added the mayor. “Our school bus contract expires in 2020 and the recycling market is currently in upheaval. These two issues alone are causing significant cost increases in communities across Massachusetts. Continued economic investment in Marlborough to ensure that our residents do not shoulder too much of the burden through their property taxes is crucial.”

This article originally appeared here.

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