House to Debate a $46 Billion Fiscal 2021 General Appropriations Bill
On Nov. 5, the House Ways & Means Committee released a $46 billion budget bill for fiscal 2021 (H. 5150). The proposal closely tracks the Governor’s revised spending plan filed on October 15 (H. 2, as revised), with a bottom line that is approximately $200 million higher, funded primarily through a higher draw from the state’s reserves. House leadership has announced plans for the full House to take up the budget bill next Tuesday, November 10.
In the House plan, Unrestricted General Government Aid (UGGA) would be level funded at $1.13 billion, and Chapter 70 school aid would be funded at $5.3 billion, an increase of $107 million over the fiscal 2020 amount, consistent with the commitment that state leaders announced in the summer. All cities, towns and school districts would receive at least the same amount of Chapter 70 aid allocated last year, with some slated to receive additional school aid due to normal updates to the foundation formula factors.
The Division of Local Services (DLS) has said that updated preliminary Cheery Sheet amounts will be posted on the DLS website sometime today (Friday, Nov. 6). Municipal Cherry Sheet information will be available at this link and regional school Cherry Sheet information will be available at this link.
Jeffery, thank you again for the valuable information you provide the readers of your blog. In reality this is a history of our Town and government. As this country is in the middle of a pandemic, this Cherry sheet may be the best we get in the next few years. It behooves us to spend this money wisely. Next year's Cherry Sheet more than likely, will not look as good. The State cannot give us what they can't collect.
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