Fairfield and the State ECS Grants - the Numbers Revised

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Real Estate Agent with William Raveis Real Estate - Fairfield, CT

From the First Selectman and Paul Hiller, we have the following as numbers....  

FY 2009 (aka this year) - $3,597,485 for ECS Grants (including both what we have received and what we expect to receive by yearend)  

FY 2010 (aka the budget) - $3,575,407 - the amount includes the $502k and change that we reduced the Town Revenue by because it is going directly to the BOE but is still counted as ECS Grant money by the State  

So if these two numbers are accurate, then we are approx $20,000 lower in ECS Grants for FY2010 than the prior year....so no penalty situation is involved.      

The difference in these two numbers compared to Revenue line 4100 is that there are two smaller State Aid Grants that are  included in our Town's Revenue but not part of the ECS Calculation.    

If anyone knows of any facts that make the above not correct, please let me know. 

Thanks to all for their help and patience in getting this a little more clear.   And again, we still must make an assumption about whether we will get all the ECS money that the State has promised - otherwise, this year's number could easily change to a lower number.  

And once more, we must make an assumption as to whether we think the Minimum Budget Requirement will be extended past June 30th.   S

o maybe we know where we stand and maybe we don't....but hopefully we are a little clearer on the assumptions that we are making....     All the best, Mike  

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Mike Tetreau

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