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Cash Reserve Policy

Tuesday, November 13, 2012

Councilor Wants 'More Teeth' in City's Savings Policy

Sara-Lynn Reynolds says a recently approved cash reserve policy is "fluff." This angers Council President Frank Cook, who sources say yelled at Reynolds and Councilor Jonathan Weydt after the meeting.

The city could get specific on its savings policy if the City Council approves a measure proposed by Councilor Sara-Lynn Reynolds. She faces opposition from the council president and the head of the budget committee. Although the council approved a measure last month calling for the city to increase targets for cash reserve accounts, Reynolds said at last week's meeting this was "kind of just a fluff policy, there was nothing really set in stone." She has proposed the outline of an ordinance that she said would "put more teeth to it." Reynolds' proposal states, "The city of Attleboro requires and must maintain a cash reserve policy that includes stated targeted balances for the stabilization fund and other reserve funds or a percentage of …

Daniel F. Devine

4:42 pm on Thursday, December 13, 2012

COOK & KIRBY NEED TO GO! ~ WAKE-UP ATTLEBORO VOTERS! ~ CHANGE IS GOOD.   more ›

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