I have to start with a slight explanation here. The town of Southbridge operates on a July 1 to June 30 Fiscal Year. The state
operates on a January 1 to December 31 Fiscal Year. Thus, the state aid
numbers in the FY 2013 town budget are derived from the FY 2012 state budget.
That having been said, with the inclusion of the
increase of $100,000 in the FY 2013 town budget at last night’s town council
meeting it is still $31,001 less than the FY 2012 budget.
