Mayor Josh Cohen has called a special meeting of the City Council for 4:30 p.m. to hear public testimony and vote on a proposed charter amendment that would raise the city's borrowing capacity to $20 million.
The administration seeks to double the borrowing capacity as a precaution amid its "cash-flow crisis," according to the mayor. The administration plans to present the City Council an update on the city's cash reserves and cash-flow projections into next year.
In presenting the charter amendment, the mayor made clear that the cash-flow...
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