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Tuesday, August 4, 2009

Sentinel explores cost-shifting in state budget

The Keene Sentinel looks at how the state budget, which increased total spending by $1.2 billion over two years, still managed to increase costs to cities and towns.

Several months ago, officials from cities and towns around the state made dire predictions about what the new state budget could mean for municipal coffers.

They were worried about a proposal by Gov. John H. Lynch to cut back on the $1.3 billion in state aid given to communities and school districts by dropping the amount shared through rooms and meals taxes and other revenue, and increasing the amount towns contribute to employee retirement funds.

When the state budget passed in June, the financial blow wasn’t as bad as they projected — rooms and meals tax revenues are still being shared — but officials are now grappling with ways to meet the budget holes from other cuts.
(more)

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