The town's post today is incorrect. The town has had the option to balance it's FY 2024 budget with its ARPA money for more than a year.
Photo by Randy Laybourne on Unsplash FACT CHECK: The town's post today is wrong -- the town definitely could use ARPA funds to balance this years budget: "revenue replacement" is an allowed use, and towns can claim a standard allowance for revenue replacement, without any need to show a loss, of up to $10 million. The Treasury's standard allowance for "revenue replacement" made the town's entire ARPA award available for this purpose in early 2022. Other towns have already used their ARPA funds this way. If the budget was formulated around this critical misunderstanding, maybe we SHOULD take a step back and look at it again. The latest in the Town's "Two Facts and a Fib" series is incorrect.