STATE LEADERS ANNOUNCE LEVEL FUNDING FOR MAJOR LOCAL AID ACCOUNTS
FY21 UGGA TO BE LEVEL FUNDED AT FY20 AMOUNTS
FY21 CHAPTER 70 SCHOOL AID AT LEAST LEVEL FUNDED FOR ALL
July 30, 2020
After months of uncertainty regarding the size of the state’s fiscal crisis, state leaders today announced a framework for protecting the two main sources of local aid in the state’s fiscal 2021 state budget. According to a statement issued by A&F Secretary Michael Heffernan, the Governor and Legislature are committing to no less than level funding of Unrestricted General Government Aid and Chapter 70 education aid as the baseline amount for fiscal 2021 funding for each community.
As a selectmen, I was in favor of a level funded town budget for fiscal year 2021.
Now the Town has a budget that in my opinion is not sustainable. How the Town Administrator can justify putting a budget forward that was not realistic from the beginning is beyond me. Big changes will be necessary because somehow we need to keep out Town financially stable, so we can keep our bond rating. A reminder to those with the Town's money burning a hole in their pocket, we still have to finish borrowing money for the school.
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