File #: 363-25    Version: 1 Name:
Type: Order Status: Agenda Ready
File created: 9/23/2025 In control: Finance Committee
On agenda: 9/30/2025 Final action:
Title: 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.
Sponsors: Amanda Linehan, Stephen Winslow
Attachments: 1. Mayor's Memo to the City Council 9 25 2025, 2. Public Comment September 30, 3. Graph Printouts 22x 28 (2), 4. Graph Printouts 28x 22 (3), 5. FY2026 General Fund Summary Oct 2026, 6. Steps Taken to Implement Budget Savings Oct 2025, 7. 363-25 New Growth & Ec Dev Presentation Oct 21 2025, 8. FY2025 ACTUALS, 9. FY2025 Grants, 10. FY2025 OPIOID SETTLEMENT FUNDS, 11. 2025 ACTUALS, 12. P&E Report-Quarter 1 2025 (January-March), 13. P&E Report-Quarter 2 2025 (April-June), 14. P&E Report-Quarter 3 2025 (July-September), 15. Copy of AllApprovedRequestsTrackingCurrent, 16. Council Override Concerns, 17. Winslow Motion Related to Paper 363-25

Title

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.