Sep 29, 2026Board meeting
City Of Malden Finance Committee Finance Committee Meeting Minutes
The committee discussed several fiscal matters, including the appropriation of TNC Surcharge funds to cover traffic signal and intersection improvements to enhance ADA accessibility. A transfer of $400,000 to the Malden Public School Department was authorized to address a prior-year net-school-spending shortfall. Furthermore, the committee reviewed the repurposing of funds previously allocated for the Roosevelt Park Revitalization Project to support the Malden River Works Project, with significant discussion regarding project phases, escalating construction costs, soil remediation, and municipal bond arbitrage concerns.