Committee told to trim budgeted spending to qualify for state incentive aid
On Sept. 30 the Village of Bloomington Finance & Purchase Committee reviewed the proposed budget; consultant Jay Bennett advised reducing budgeted expenses to stay under the State’s expenditure restraint cap and qualify for incentive aid.
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At a Sept. 30 Finance & Purchase Committee meeting, Jay Bennett of Johnson Block led the committee through a detailed breakdown of proposed revenues and expenditures and advised the Village to reduce budgeted expenses to remain under the State’s expenditure restraint cap so it would qualify for incentive aid.
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