CommitteeMalden

Finance Committee

Track committee activity, current roster, and published meeting coverage for Finance Committee in Malden.

0 active membersLast meeting Jun 16, 202625 summaries in 30d

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Active roster

Latest activity

Aug 12, 2026

Municipality

Malden

Latest coverage

Finance Committee Reviews Proposed Tax Election

Published Aug 12, 2026

Related summaries

Published meeting coverage connected to Finance Committee.

Briefing

Jun 9, 2026

FY2027 budget advances with amendments

The Finance Committee voted 6-0 to recommend the FY2027 General Fund appropriation order to the City Council with amendments restoring the City Clerk’s Elections Outreach Coordinator capacity and reallocating ward improvement funds.

2 min readMunicipal coverage

Briefing

Jun 2, 2026

Committee Requests FY2027 Budget Changes

The Finance Committee unanimously asked the Mayor to consider restoring $107,500 in the FY2027 budget: $40,000 for language access in the City Clerk’s Office, $7,500 for Ward Councillors, and $2,500 for Councillors-at-Large.

3 min readMunicipal coverage

Briefing

May 26, 2026

Finance Committee Continued Budget Review

The committee continued reviewing Malden’s proposed FY2027 budget, including an unemployment line increased from $260,000 to $920,000 to account for potential layoffs and ongoing union negotiations.

1 min readMunicipal coverage

Briefing

May 19, 2026

FY27 Budget Review Highlights Service Changes

The Finance Committee continued reviewing the proposed FY2027 budget, including staffing reductions in health, recreation, legal, and City Clerk services. Recreation officials reported that 95% of program participants are Malden residents, while new poll pads have cut required precinct staffing in half.

2 min readMunicipal coverage

Briefing

May 12, 2026

Budget Cuts Could Strain Public Safety

Department leaders warned that the proposed FY2027 budget could slow police response, reduce fire dispatch staffing, and eliminate several positions. Police overtime costs have risen 63% since 2019, while fire overtime costs have increased 114%; the committee took no final budget action.

2 min readMunicipal coverage

Briefing

May 5, 2026

FY2027 Budget Faces Cuts and Layoffs

Malden’s proposed FY2027 budget totals $240.34 million and would use $5.2 million in free cash, while proposing 17 general government layoffs and potential reductions affecting four cadets. The plan also includes no cost-of-living increase for bargaining units in FY2027 and relies on a multi-year effort to address structural budget pressures.

2 min readMunicipal coverage

Briefing

Apr 28, 2026

Malden Advances FY27 Community Development Funding

The Finance Committee voted 4-0 to recommend City Council approval of Malden’s FY27 Consolidated Plan and CDBG grant application, based on a finalized CDBG amount of $1,407,608. Proposed funding includes $402,000 for Linden Park playground upgrades, $100,000 for Willow St. State Park improvements, and $88,000 for ADA pedestrian improvements.

2 min readMunicipal coverage

Briefing

Apr 21, 2026

Committee Advances Community Preservation Funding

The Finance Committee recommended that the City Council approve $1,646,500 from Community Preservation Act funds for seven Malden projects, including $500,000 for affordable housing and $60,000 for rental assistance.

2 min readMunicipal coverage

Briefing

Apr 14, 2026

Malden Budget Review Faces $5 Million Swing

Malden’s FY2027 budget outlook includes a $5 million year-over-year swing in Chapter 70 funding, while a health insurance transition is projected to save about $3 million in its first year. The Mayor is expected to submit the appropriation order on April 28, with a target City Council budget vote by June 16.

2 min readMunicipal coverage

Briefing

Mar 24, 2026

Water and Sewer Debt Funding Recommended

The Finance Committee unanimously recommended that the City Council approve a $398,674.25 appropriation from Water Sewer Enterprise Fund retained earnings for upcoming principal payments to the MWRA.

1 min readMunicipal coverage

Briefing

Mar 10, 2026

Committee Advances Up to $95,000 in Cuts

The Finance Committee unanimously recommended that the City Council consider reducing Ward Improvement and Fourth of July fund line items, potentially saving up to $95,000 for the upcoming fiscal year. The recommendation does not itself make the cuts; it asks the mayor to submit them for possible reallocation to the general fund.

1 min readMunicipal coverage

Briefing

Feb 3, 2026

Finance Committee Advances Financial Management Review

The committee unanimously recommended that the mayor seek a financial management review from the Massachusetts Division of Local Services. It placed a separate proposed state audit on file and scheduled five public budget and override forums, including an online session, from February 11 through March 25.

2 min readMunicipal coverage

Briefing

Feb 3, 2026

Trash Fee Ordinance Tabled

The Finance Committee unanimously tabled a proposed change to Malden’s waste rules that could have introduced fees for certain multifamily properties. Members cited the need for more analysis, enforcement resources, and clarity about the city’s long-term finances; trash-tag revenue has declined by approximately $400,000 over four years.

2 min readMunicipal coverage

Briefing

Jan 13, 2026

Finance Committee Rejects School Debt Question

The committee voted 6-0 to recommend that the City Council reject a proposed $36 million debt-exclusion ballot question for construction of the Northeast Metropolitan Regional Vocational Technical School.

2 min readMunicipal coverage

Briefing

Dec 16, 2025

Finance Committee advances two funding proposals

The committee voted 5-0 to recommend that the City Council approve a proposed $1.5 million loan for Phase 2 of the Malden River Works Project and a $50,000 cable-access appropriation for Urban Media Arts equipment.

2 min readMunicipal coverage

Briefing

Dec 9, 2025

Committee Recommends $8.2 Million Tax Question

The Finance Committee unanimously recommended that the City Council advance an $8.2 million additional real estate and personal property tax question for the March 31, 2026, special municipal election.

1 min readMunicipal coverage

Briefing

Dec 2, 2025

Malden Weighs Three Tax Override Options

The Finance Committee requested exact ballot language for three possible tax override levels: $5.4 million, $7 million, and $9 million. Estimated increases for an average $650,000 home were $344, $442, and $572, respectively.

1 min readMunicipal coverage

Briefing

Nov 25, 2025

Finance Committee Advances March Election Date

The committee unanimously approved moving the proposed special municipal election to March 31, 2026, giving residents more time for voter education and helping avoid major religious holidays. The election would include a ballot question on raising an additional $5.4 million in real estate and personal property taxes.

1 min readMunicipal coverage

Briefing

Oct 28, 2025

Tax Override Review Continues

The committee continued reviewing a proposed $5.4 million property-tax increase to support Malden’s budget and city services, but took no vote on the proposal. Members proposed a November 19 public forum with the mayor and city staff to answer questions and gather resident feedback.

1 min readMunicipal coverage

Briefing

Oct 21, 2025

Finance Committee Reviews Proposed Tax Election

The committee reviewed a proposal for a March 31, 2026 special municipal election featuring a ballot question on $5.4 million in additional real estate and personal property taxes. The minutes do not record a final vote on the proposal.

2 min readMunicipal coverage

Briefing

Jul 29, 2025

Committee Advances Health Insurance Discussions

The Finance Committee voted 6-0 to recommend that the City Council begin the process of discussing participation in the GIC health insurance program. The process would require demonstrating at least 5% savings, but the vote would not automatically enroll Malden in the program.

1 min readMunicipal coverage

Briefing

May 6, 2025

Committee Advances $200,000 Police Transfer

The Finance Committee unanimously recommended transferring $200,000 from the Salary Reserve to Police Salaries for City Council consideration.

1 min readMunicipal coverage

Briefing

Jan 21, 2025

Committee Advances Library Pay Changes

The committee unanimously recommended transferring $50,000 from the Salary Reserve to Library Salaries and recommended approval of an updated library salary schedule effective July 1, 2024.

1 min readMunicipal coverage

Briefing

Jun 7, 2022

Retiree COLA Increase Advances to Council

The Finance Committee recommended that the City Council approve raising the Malden Retirement System COLA base from $16,000 to $18,000, with the retirement fund scheduled to be fully funded by 2030. The recommendation passed 4-1.

2 min readMunicipal coverage