Today's Mylott Press Conference

Mayor Dan Mylott reassured citizens they should not be concerned that city officials are borrowing $10 million to sustain the budget for the rest of the fiscal year.
The Mayor met with the financial committee last night to discuss the issue.
At his weekly press conference today, he said there was some confusion and concern at the previous night’s meeting about borrowing the money.
“It is not uncommon,” said Mylott. “We have done it before, it is not unusual or weird.”
The amount borrowed is about 10 percent of the total fiscal year 2007 budget, and is not a huge amount, according to Mylott
The money will be used to pay off bills for the rest of this year and maintain the city’s cash flow, and has no bearing on future spending, he said. Mylott will give his State of the City address Thursday, March 22 at 7 p.m. at the Kent Recital Hall at Fitchburg State College. He encouraged the public to attend as he addresses the progress the city has made in fighting drugs and crimes, and the financial future of the city.