Title:
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Resolve: That it is the sense of the Malden City Council that the city must develop a plan to increase local revenue in the next 3-5 years to match projected future expenses. In addition to the regular annual inflation of city salaries and costs, currently projected expenses for the city include: capital investments for schools and city facilities; road and sidewalk construction and maintenance; priority projects such as the Malden River Works project and the Cultural Arts Center; pension and pension benefits costs for city staff and retirees; and Malden's required contribution to the Northeast Metro Tech High School construction project. Additionally, increased required local contributions to education remain a significant liability under Massachusetts Chapter 70.
Malden should evaluate all possible local income sources to develop clear targets and a plan to meet these needs. This plan should include a strategic approach for using zoning and other tools to promote a sustainable ra...
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