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Senate committee considers bill to let towns adopt spending caps
Summary
Senate Bill 105, sponsored by Sen. Keith Murphy, would allow towns to adopt spending caps using a formula that accounts for population growth and inflation.
Senate Bill 105, sponsored by Sen. Keith Murphy, would allow towns to adopt spending caps using a formula that accounts for population growth and inflation.
"The bill in front of you is Senate Bill 105, which would allow towns to adopt spending caps similar to how we currently allow cities to adopt spending caps. It's a pretty simple bill, it takes into account population growth and inflation," Sen. Keith Murphy said when introducing the measure.
The bill uses an inflation factor ("IF") tied to the index published by the…
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