“An Act Relative to Financial Conditions in the City of Lowell.”

Lowell City Council

Lowell City Council

The Lowell City Council has scheduled a Finance Sub-Committee meeting for Tuesday Dec. 2nd at 5:00pm

LOWELL CITY COUNCIL
FINANCE SUBCOMMITTEE MEETING TUESDAY, DECEMBER 02, 2014
CITY HALL, CITY COUNCIL CHAMBER TIME 5:00 PM
1. Finance SC 12/2/14.
RE: Discussion – VOTE: Authorizing the City of Lowell to petition the Legislature Regarding the 1992 Act
entitled: “An Act Relative to Financial Conditions in the City of Lowell.” The Public is invited to attend.

The Sub-Committee is giving a full 30 minutes to talk about removing a provision placed on Lowell in 1992 that provides the city with at the very least a $4.2 Million Dollar safety net in the form of a financial reserve. There is another Sub-Committee scheduled for 5:30

This says it all “An Act Relative to Financial Conditions in the City of Lowell.”

The better and more accurate wording would be:“An Act Relative to Protecting the Financial Conditions in the City of Lowell.”

This constraint of Chap. 17 enacted by the State in 1992 is one that protects the Citizens from having the likes of former Managers Jim Campbell and John Cox and those City Council’s, from again, allowing the raiding of reserves in the name of no tax hikes for political gain or advantage of that present City Council and Manager.

Please keep in mind that this current Council ran on a platform of Public Safety (Violence is up) Economic Development (businesses have left instead of come here) and voted for the largest Tax Increase on the past 6 years!

We cannot and should not allow them to take away this safety net for the taxpayers, homeowners and residents of this city.

The State Legislature will have to support this but we know already that State Rep. Tom Golden has voiced that he will support whatever this Council wants to do including eliminating this fiscal safety net.

Call and Lobby your favorite Councilors to keep this restriction in place.

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