Malden Finance Committee Endorses $398,674 for Water Main, Lead Projects
Malden Finance Committee voted 5-0 to recommend $398,674.25 appropriation for MWRA debt payments. Councillor Carey McDonald, Chair, presided as members approved Order 160-26 to cover principal payments for water main and lead line replacement work under 0-percent MWRA loans.
City Council · Meeting of March 24, 2026
Malden Finance Committee voted 5-0 to recommend $398,674.25 appropriation for MWRA debt payments. Councillor Carey McDonald, Chair, presided as members approved Order 160-26 to cover principal payments for water main and lead line replacement work under 0-percent MWRA loans. Controller Charles Ranaghan reported the fund's retained earnings would drop to approximately $400,000-$500,000 after the appropriation, consistent with the account's intended use for capital projects.
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Source: the City Council meeting of March 24, 2026, compiled from the official minutes.
Checked against the official minutes.
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