March 3, 2015
September 17, 2013
City Finance Director Diane Marcotte introduced plans for a city contingency fund during the Aug. 5 regular City Council meeting.
Previously discussed during Marcotte’s presentations to the council as a part of new financial policies to explore, she said a contingency fund could help prepare for major unexpected expenses as well as improve the city’s bond rating.
The introduction for the agenda bill explains the motivation behind the idea.