Title
Committee Report: The Standing Committee on Finance to whom was referred Paper 363 Series of 2025, having considered the same make the following report:
Committee recommends the Paper out favorably to the Full Council as amended to read:
Instructions to voters
Order: That the City shall include the following instructions to the inhabitants of the City of Malden on the ballot of the Special Municipal Election to be held on March 31, 2026;
Questions 1A and 1B are separate questions. You may vote for or against each question independently. Each question requires a majority of those voting on that question to pass. If more than one question passes, the question with the highest dollar amount will prevail.
1A
Order: That the City of Malden hold a Special Municipal Election on March 31, 2026 and to include the following ballot question: Shall the City of Malden be allowed to assess an additional $5,400,000 in real estate and personal property taxes for the purposes of stabilizing the City’s budget and to support ongoing city services across all departments, including public schools, public safety, public library, public works and general government, for which the monies will be used for the fiscal year beginning July 1, 2026? A yes vote would support an increase in real estate and personal property taxes beginning with fiscal year 2027 (7/1/26 to 6/30/27). A no vote would make no change to the current tax structure.
1B
Order: That the City of Malden hold a Special Municipal Election on March 31, 2026 and to include the following ballot question: Shall the City of Malden be allowed to assess an additional $8,200,000 in real estate and personal property taxes for the purposes of stabilizing the City’s budget and to support ongoing city services across all departments, including public safety, public library, public works, general government as well as increased funding required by law for the public schools, for which the monies will be used for the fiscal year beginning July 1, 2026? A yes vote would support an increase in real estate and personal property taxes beginning with fiscal year 2027 (7/1/26 to 6/30/27). A no vote would make no change to the current tax structure.