The street's seen significant improvements over the past decade with public/private investment such as building renovations, the Clark Biscuit residential project and Massachusetts College of Liberal Arts' new facilities building.
Auditor Thomas Scanlon praised the city's bookkeeping.
"This is probably the best condition the city's financial reporting has been in," Scanlon told both the City Council and the School Committee at a joint meeting Wednesday evening.
The City Council will once again debate "truth in budgeting" as it now looks to move more than a million dollars around in its budget to close out the books.
The request is for $945,000 from various accounts - plus the use of some $300,000 in free cash- to close a gap in the snow and ice budget. The director of finance is also looking to transfer a total of $400,000 from 11 different budget lines to cover a deficit for police overtime budget.
The hiring of eight new firefighters through a safer grant is helping curb overtime.
For years the overtime budgets for both the Police Department and the Fire Department have been underfunded, leaving a deficit that needs to be made up at the close of the fiscal year every year. This year, however, the city won a federal grant to bring on eight new firefighters and with that, overtime had dropped dramatically.
Assessor Ross Vivori said the town usually gains $8,000 to $12,000 from annual growth but this past year it gained more than $30,000 on $2 million in new growth.
The town's total assessed value also increased dramatically, by $9 million, showing a strong recovery from the falling values of several years ago.
The council approved the split tax rate that will see the residential rate rise about 4 percent, up from $17.67; the commercial rate will rise about 3 percent, from $38.54 to $39.85 per $1,000 valuation. A single family home assessed at $138,300 would see another $123 on the tax bill.
The Community Preservation Committee expects a $420,000 budget in the fiscal year 2018.
The Community Preservation Act was accepted by voters in November and city officials have been establishing the process since then. The act calls for a surcharge on the tax bills of 1 percent, with the first $100,000 value being exempted. That money goes into a fund, which is controlled by a locally created Community Preservation Committee, to use on affordable housing, parks and open space, historic prese