Somerville Aldermen approve $50 million in Green Line funding

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“Aldermen approve Green Line funding in ‘momentous vote'” (Somerville Journal)

“Citing public support and an in-depth due diligence process during recent weeks, the Board of Aldermen unanimously voted to approve $50 million to fund the Green Line Extension on Dec. 8.

Without municipal contributions from Somerville and Cambridge, city officials emphasized, the project would not proceed.”

“Somerville Aldermen Approve $50M Green Line Extension Funding” (Somerville Patch)

“Thursday’s vote allows the city to bond the money toward the project; it will not begin to impact tax bills for three to six years depending on the terms of the bond…. The city will continue to seek alternate funding, particularly from developers, in order to reduce the tax burden on residents.”