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Bill would let towns amortize emergency costs, clarify school‑bus procurement and permit longer school bond terms
Summary
The Municipal Empowerment Act would let municipalities amortize emergency spending over three years, clarify school‑bus procurement limits, and allow consideration of longer school bond terms to match modern building lifespans.
Administration witnesses said the Municipal Empowerment Act would make permanent a policy that allows municipalities to amortize emergency‑related spending — spreading large, unplanned costs across three years to avoid single‑year budget crises that can force layoffs or program cuts.
“Section 35 allows municipalities to amortize emergency related spending over 3 years rather than having to pay for it all in 1 year,”…
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