Finance Committee — Agenda, Jun 23, 2026

City of Somerville, Massachusetts Finance Committee Regular Meeting Agenda City Council Chamber 6:00 PM Tuesday, June 23, 2026 Committee of the Whole https://us02web.zoom.us/webinar/register/WN_JuzXsnw-Tqm7iA7pQlxVKA (Posted online: 6/18/26 at 11:15 AM) Original (Posted online: 6/23/26 at 12:50 PM) Revised Pursuant to Chapter 2 of the Acts of 2025, this meeting of a City Council Committee will be conducted via remote participation. We will post an audio recording, audio-video recording, transcript, or other comprehensive record of these proceedings as soon as possible after the meeting on the City of Somerville website and local cable access government channels. Copy & paste the following link into your internet browser to view this meeting live: https://us02web.zoom.us/webinar/register/WN_JuzXsnw-Tqm7iA7pQlxVKA Persons with disabilities who need auxiliary aids and services for effective communication (i.e., CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures in order to access the programs, activities, and meetings of the City of Somerville should contact the ADA Coordinator in advance at [phone removed] x 2059 or ADA@somervillema.gov. Roll Call 1. Review of the FY 2027 Budget 2. Submission of Orders and Resolutions by City Councilors 2.1 Resolution By Councilor Strezo 6/9/26 That the collective salaries of Licensing Commissioners be increased to $15,180 with the Chair receiving $5,180 and Licensing Commissioners 2 and 3 receiving $5,000 each annually. 2.2 Resolution By Councilor Link 6/15/26 That the Administration add $400,000 in funding for Youth Development Services grants so that Teen Empowerment may have full funding. Page 1 of 3

Finance Committee Regular Meeting Agenda June 23, 2026 3. Enterprise Funds 3.1 Mayor's Request (ID # 26-0952) Referred for Recommendation: Requesting the appropriation of $24,672,499 to fund the Fiscal Year 2027 Water Enterprise Fund budget. 3.2 Mayor's Request (ID # 26-0963) Referred for Recommendation: Requesting the appropriation of $2,000,000 from the Water Enterprise Retained Earnings Account to the Water Capital Stabilization Fund. 3.3 Mayor's Request (ID # 26-0951) Referred for Recommendation: Requesting the appropriation of $39,633,688 to fund the Fiscal Year 2027 Sewer Enterprise Fund budget. 3.4 Mayor's Request (ID # 26-0962) Referred for Recommendation: Requesting the appropriation of $16,000,000 from the Sewer Enterprise Retained Earnings Account to the Sewer Capital Stabilization Fund. 3.5 Mayor's Request (ID # 26-0970) Referred for Recommendation: Requesting the appropriation of $238,791 from the Kennedy School Pool Enterprise Fund Retained Earnings to support the Fiscal Year 2027 Kennedy School Pool Enterprise Fund Budget. 3.6 Mayor's Request (ID # 26-0953) Referred for Recommendation: Requesting the appropriation of $794,782 to fund the Fiscal Year 2027 Kennedy School Pool Enterprise Fund budget. 3.7 Mayor's Request (ID # 26-0969) Referred for Recommendation: Requesting the appropriation of $86,200 from the Dilboy Fields Enterprise Fund Retained Earnings Account to subsidize the Fiscal Year 2027 Dilboy Fields Enterprise Fund Budget. 3.8 Mayor's Request (ID # 26-0954) Referred for Recommendation: Requesting the appropriation of $237,500 to fund the Fiscal Year 2027 Dilboy Fields Enterprise Fund Budget. 3.9 Mayor's Request (ID # 26-1015) Referred for Recommendation: Requesting approval to appropriate and transfer $1,000,000 from the Community Benefits Stabilization Fund to the Housing Assistance Stabilization Fund for housing assistance. Page 2 of 3

Finance Committee Regular Meeting Agenda June 23, 2026 4. Infrastructure 4.1 Mayor's Request (ID # 26-0965) Referred for Recommendation: Requesting the appropriation of $7,150,000 from the Unreserved Fund Balance ("Free Cash") to the Street Reconstruction and Renovation Stabilization Fund to support the 5-Year Capital Investment Plan. 4.2 Mayor's Request (ID # 26-1016) Referred for Recommendation: Requesting the appropriation of $549,399 from the Unreserved Fund Balance ("Free Cash") to the Traffic Safety Stabilization Fund for traffic safety improvements. 5. Salary and Retirement 5.1 Mayor's Request (ID # 26-0961) Referred for Recommendation: Requesting approval of a transfer of $1,676,728 from the Salary Contingency Account-Salaries to the Salary & Wage Stabilization Fund. 5.2 Mayor's Request (ID # 26-0966) Referred for Recommendation: Requesting the appropriation of $1,000,000 from the Unreserved Fund Balance ("Free Cash") to the Salary & Wage Stabilization Fund. 5.3 Mayor's Request (ID # 26-0967) Referred for Recommendation: Requesting the appropriation of $1,200,000 from the Unreserved Fund Balance ("Free Cash") to the Other Post Employment Benefits (OPEB) Trust Fund. 5.4 Mayor's Request (ID # 26-1008) Referred for Recommendation: Requesting the appropriation of $200,000 from the Unreserved Fund Balance ("Free Cash") to the Compensated Absence Liability Fund. 6. FY27 Budget 6.1 Mayor's Request (ID # 26-0950) Referred for Recommendation: Requesting the appropriation of $376,778,493 to fund the Fiscal Year 2027 General Fund Operating Budget. Page 3 of 3