Cambridge due for another $1.3M in state aid
Cambridge is getting an additional $1.3 million in local aid when Gov. Deval Patrick signs the state’s recently passed supplemental budget, state Rep. Alice Wolf, a Cambridge Democrat, said Monday.
During the budget process for this fiscal year, $65 million in local aid was held back due to serious concerns over the pace of revenues coming in to the state. But on Monday sufficient tax revenues were certified to release those funds, Wolf said. With this additional appropriation for fiscal year 2012, state aid to Cambridge will equal that of the last fiscal year. The money will be distributed by the Department of Revenue after Oct. 31.
“I am pleased that Cambridge and all the communities will be able to support their critical services a little more than we and they thought. We are not out of the woods yet in terms of the state’s financial condition, but there may be some light at the end of the tunnel,” Wolf said.
This post was written from a press release.