City CFO presents CITF ward funding list to City Council

$30 million available in American Rescue Plan Act funds

By Barbara Taormina

Chief Financial Officer Richard Viscay presented a ward-by-ward list of available Community Improvement Trust Fund (CITF) monies to the City Council this week.

The CITF was created to provide mitigation funds to the City of Revere for projects where the applicant requested a special permit or variance to increase the intensity of use beyond the use by right. Funds received from a developer can then be spent on infrastructure and neighborhood improvements directly impacted by the project. All spending of the CITF must be approved by a majority vote of the Revere City Council.

Viscay presented the council with the following numbers:

Ward 1: $362,358.70.

Ward 2: $247,867.85.

Ward 3: $307.50.

Ward 4: $46,620.00.

Ward 5: $180,862.30.

Ward 6: $53,481.60.

Councillors are also looking for information on the $30 million in American Rescue Plan Act (ARPA) funds the city received. Councillor-at-Large Gerry Visconti proposed that Mayor Patrick Keefe request Viscay present a detailed report that includes any ARPA money spent on programs and initiatives and the remaining balance of ARPA funds.