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State Aid To Help Balance City Budget Deficit

Jamestown officials have been notified that Gov. Andrew Cuomo has included an extra $1 million in supplemental assistance in the governor’s 2018-19 executive budget proposal.

The city needs the money to balance the budget approved by the City Council in December. They passed the budget after having been given reasonable assurances from state officials that the city would receive at least $946,679 in additional state aid.

As was the case earlier this year, nothing is official until the state’s 2018-19 budget is officially approved by the state Legislature.

“I received verbal notice earlier today — and just had it confirmed by my contacts in the state Division of Budget — that the governor has in fact included an extra $1 million in supplemental assistance for the city of Jamestown in his 2018-2019 executive budget,” Teresi told The Post-Journal on Wednesday. “This would be in addition to, and separate and apart from, our annual AIM — unrestricted, municipal financial aid — allocation of roughly $4.57 million, which has again remained flat for an eighth consecutive year after two years of reductions totaling approximately 9 percent in 2009 and 2010. ”

Teresi said the aid doesn’t come with its own line in the budget, as happens with school aid to area school districts. Instead, the allocation has been agreed on by all of the necessary officials in the executive branch of state government and included by Cuomo in the designated line item.

“While this merely represents the first step in the process, as the budget must now be adopted by the legislature in the coming months with this funding intact and, also, the final details for the release and disbursement of this extra funding need to be worked out, I have been reassured that inclusion of this funding in the final executive draft is a good indication that it will be part of the final adopted product,” Teresi said. “I was also advised, until directed otherwise, to continue the operation accordingly of our very austere, adopted fiscal year 2018 general fund budget that cut funding to numerous accounts, did not include pay increases for management and a majority of union employees and was extremely optimistic on all revenue fronts. Truly, this is encouraging and positive news and should be taken as such.”

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