Scituate’s town administrator has presented town budget projections for fiscal 2014 to the town’s board of selectmen.
Town Administrator Patricia Vinchesi to the board that she projects an increase in town revenue for the fiscal year 2014 budget.
“In accordance with the financial policies the budget is balanced and it does not use free cash to do that. Our local receipts and new growth are projected to increase over about $140,000, and savings from general liability, health insurance and unemployment approached almost $399,000 over FY 2013,” Vinchesi said.
However, it appears that the town will be facing a net decrease in state local aid, due to cuts in local aid that occurred in mid fiscal year 2013.
“Originally I was carrying a level funded amount for local aid, which we did receive more in FY 2013 than projected, but then the governor already cut it 1%. So, we’re essentially at the same level as projected for FY 13, minus the added amount that we didn’t expect from local aid, so it’s a net decrease of $170.000,” the town administrator explained.
Capital budget requests also total up to an astounding $70 million in the FY 2014 budget.