October 5, 2022

CloudsBigData

Epicurean Science & Tech

MassBay’s rent for use of building will go to Framingham schools

4 min read

FRAMINGHAM — A new revolving bank account “separate and apart” from other city funds has been set up for the money MassBay Community College is paying to rent one of the city’s school buildings.

MassBay has been a tenant in Framingham Public Schools’ Farley Building on Flagg Drive since 1990, according to college spokesperson Elizabeth Cooper, and has a lease for this year and next at an annual rate of $400,000. The rent money was mistakenly sent to the city’s general fund when Massachusetts law calls for it to be “kept separate and apart from other city or town funds in the city or town treasury and may be expended by the School Committee without further appropriation.”

School Committee Chairman Adam Freudberg said he researched the rules and advocated for compliance around the city’s receipt of rent payments from MassBay.

“Unfortunately, we have learned through this research project that the checks have been deposited in the general fund, mixed with other money. Additionally, the money is to be spent with only authorization of the School Committee,” said Freudberg during a School Committee meeting. 

Since fiscal 2011, MassBay paid $8,548,333 in rent, according to Freudberg.

At a recent meeting, the School Committee voted unanimously to create the account and immediately deposit all fiscal 2022 rent payments into it. The move brings the city into full compliance with the law.


https://www.metrowestdailynews.com/story/news/education/2021/09/28/massbay-community-college-separate-bank-account-framingham-public-schools-farley-building-rent/5703489001/

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