Monday, March 7, 2016

It is anticipated ...

Under the category "Sometimes, you can't make this stuff up ...", here's what the FY2015-2016 Cambridge municipal budget reports about the city's fiscal position ...

FY14 was another remarkable year financially for the City. Our sound financial practices have left the City with substantial reserves, including $160,500,000 in free cash, $134,000,000 in excess levy capacity, $15,600,000 in Parking Fund Balance, and $9,700,000 in Water Fund Balance. It is anticipated that the City will also end FY15 in a very strong financial position. 

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