Town/Govt
GOVERNOR’S BUDGET PULLS FUNDING FROM TOWN
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By Michael B. Guarco, Jr.,Chair, Board of FinanceIn early February, the governor sent his biennial budget proposal to the legislature. Facing a $1.7 billion dollar gap in each of the next two years—even after the historically massive tax increases over the past four years—his proposal shifts a significant burden onto the towns. While closing the state budget gap and bailing out the cities, the change hurts the towns financially and is influenced by the belief that the towns are fisca […]