The Commonwealth did not make the final FY 2009 installment payment of Chapter 70 school aid to local school districts across the state. The school superintendent, Dr. Russell, had an op-ed in the Standard-Times about that and you can find his letter at this link. In Dartmouth's case those funds amounted to over $1 million. Instead, towns were asked to apply for federal stimulus funding in the amount of the payment. That federal money has been granted and received by the town.
The Commonwealth as well as the town cannot have deficit spending. All expenses must be matched by corresponding amounts of revenue. The federal government is under no such restraint. It can ...
... and does engage in deficit spending. Thankfully so in this case
Thursday, July 9, 2009
Town receives federal stimulus grant
Labels:
Budget,
Commonwealth
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