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AOT presents $33M shortfall and a rescission plan that delays projects, cancels technology purchases and trims positions
Summary
AOT’s five‑year outlook shows a roughly $33 million deficit under conservative assumptions; staff presented a rescission/decision plan mixing one‑time delays (about $33.5M) with cancellations and position reductions, prompting town officials to warn of harmful local impacts.
Candice Lundquist, the agency’s chief financial officer, told senators the agency’s September outlook projects a roughly $33 million structural shortfall for FY27 under the assumptions shown to the committee (conservative federal grant assumptions and a 2.5% inflation factor on some items). She reminded the committee that FY26 had been balanced partly with a $12.5 million one‑time transfer.
Lundquist presented a rescission and decision plan to close the immediate hole and smooth the FY26–27 transition. Many items in the plan are one‑time delays (items 2–8 in the rescission spreadsheet) that free roughly…
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