Franklin is getting $151,114 from this new allocation. Note that this allocation has been talked of coming, this is the confirmation of it. It is not 'another' set of dollars coming to Franklin.
On October 27, 2011, Governor Deval Patrick signed Chapter 142 of the Acts of 2011, which appropriated $65M in a supplemental budget for cities and towns of the Commonwealth of Massachusetts. This additional local aid will be distributed to municipalities on Monday, October 31, 2011.
The file for your distribution can be found at http://www.mass.gov/Ador/docs/dls/mdmstuf/LocalAidDist/65million.xls.
Please be advised that this revenue may be used in any one of the following ways:
• Applied as estimated receipts when setting the FY12 tax rate;
• Appropriated as an available fund during FY12, or;
• Any funds not appropriated must be closed to fund balance (free cash) at the end of FY12
Via the MA DLS Bulletin sent 10/28/11
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