THE REVERE ADVOCATE – Friday, February 14, 2020

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Revere Jr. Pats Pop Warner Banquet Highlights

Vol.29, No.7

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Friday, February 14, 2020

Largest Free Cash amount in city’s history announced By Tara Vocino

I

t was all smiles during Monday night’s City Council meeting when it was announced that the city had $6,303,811 in certified Free Cash as of June 30, 2019 – the largest figure to date. However, Mayor Brian Arrigo said fiscal year 2017 garnered the most Free Cash collectively between the city’s General Fund and Water/Sewer Enterprise Fund. Free Cash is defined as money that is leftover after the city has paid its operating expenses combined with actual revenues that exceeded budgeted revenues, according to Arrigo. The amount of Free Cash in the Water/Sewer Enterprise Fund is also higher than last year’s figure with $3,017,848 certified in fiscal year 2020 compared to the $2,858,970 that was certified for fiscal year 2019. According to city ordinance, a percentage of both General Fund and Enterprise Fund Free Cash will be transferred to the respective stabilization and capital improvement trust funds. Councillor-at-Large George Rotondo asked Arrigo if it was indeed the largest Free Cash

amount in the city’s history and congratulated him on that achievement. “It’s a time to be proud,” said City Council President Patrick Keefe, adding that some of the money will be used to reduce taxes and water/sewer rates. “A large amount of money has been raised, despite budgetary constraints.” Arrigo said its great news and he will soon come before the council with a capital improvement plan. Arrigo also said the money will be used for street/sidewalk improvements, schools and varsity sports. “The economy is healthy,” Arrigo said, adding that he’s fortunate to lead the city. “I hope to give back to the taxpayers.” Arrigo said he intends to get a low interest rate, which speaks volumes of budget management. City Auditor Richard Viscay attributed the good news to a multitude of factors, including sound financial management, hard work, setting aside reserves, and collective bargaining. Mayor Brian Arrigo and City Auditor Richard Viscay celebrated a historic occasion – the largest

—Tara Vocino may be reached amount of Free Cash in the city’s history – during Monday night’s City Council meeting. (Advocate at printjournalist1@gmail.com. Photo by Tara Vocino)

City Council dedicates plaque to late Revere announces Early RevereTV cameraman Rick Promise Voting beginning February 24

HONORING A FRIEND: Pictured at the plaque presentation for RevereTV’s Rick Promise, who passed away last year, back row: Councillor-at-Large Steven Morabito, Ward 3 Councillor Arthur Guinasso, City Council President Patrick Keefe, Ward 5 Councillor John Powers, City Council Vice President Ira Novoselsky and Ward 6 Councillor Richard Serino. Seated: Councillor-at-Large Anthony Zambuto, Ward 1 Councillor Joanne McKenna and Councillor-at-Large Jessica Giannino. See page 2 for story and photos. (Advocate photo by Tara Vocino)

Early voting is available to all registered voters for the Presidential Primary on Tuesday, March 3, 2020. Registered voters wishing to cast an early ballot may do so in person at the American Legion Building, 249 Broadway, Front Entrance, Revere, Mass., from Monday, February 24, 2020, until Friday, February 28, 2020. The hours of early voting are Monday through Thursday from 8:15 a.m.–5:00 p.m. and Friday from 8:15 a.m.–12:15 p.m. To vote early by mail contact the Election Department at 781-286-8200 to request an application. —Board of Election Commissioners Votación Temprana La votación temprana está

disponible para todos los votantes registrados para la Primaria Presidencial, del martes 3 de marzo de 2020. Los votantes registrados que deseen emitir una votación temprana pueden hacerlo en persona en el edificio American Legion, 249 Broadway, por la entrada del frente, Revere, Mass., desde el lunes 24 de febrero de 2020 hasta el viernes 28 de febrero de 2020. Las horas de la votación temprana son de lunes a jueves de 8:15 a.m. –5:00 p.m. y viernes de 8:15 a.m.–12:15 p.m. Para votar temprano por correo, comuníquese con el Departamento de Elecciones al 781-286-8200 para solicitar una solicitud. —Junta de Comisionados Electorales.


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