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The original item was published from 11/11/2021 11:50:12 AM to 3/9/2022 10:30:47 AM.

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Posted on: November 11, 2021

[ARCHIVED] City of Amesbury Provides a Financial Update

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In early October 2021, the City of Amesbury received news of our free cash certification and a reaffirmation of our bond rating. 

The City’s free cash was certified on October 12th in the amount of $1,978,854. This was a result of surplus revenue collections in the amount of $828,847 which included $620,000 in Cannabis Excise. Our increase in free cash also came from $981,419 in appropriation turn backs including $104k in employee benefits from the premium free month offered by MIIA, $157k from the Police Department, $227k from DPW, $225k in Debt Service as well as other various departmental turn backs.

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