Nashua mayor presents budget to aldermen
Her fiscal plan for general fund appropriations is nearly $241.2 million, with a combined annual municipal budget of $256.5 million and a city spending cap of 2.3 percent. The existing budget is $236.1 million.
The mayor anticipates that federal fund revenues for the next year will hover around $60.5 million, which includes estimated state funding for education of about $35.3 million.
The mayor, in her budget, is proposing a 2 percent budget increase for police, along with a 3 percent budget hike for schools.
The mayor noted that between 2009 and 2011, the city lost more than $16 million in local and state revenue, with additional costs of nearly $9 million during that same time frame.
The aldermanic Budget Review Committee will begin studying the mayor’s proposed budget next week. The new fiscal year begins July 1, although aldermen have until August to adopt the fiscal year 2015 budget.
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