Eddington changing fiscal year to align with state

By Nok-Noi Ricker, BDN Staff
Posted March 01, 2013, at 4:52 p.m.

EDDINGTON, Maine — When residents gather later this month for the annual town meeting, they will only vote on a partial budget because the town is aligning its fiscal year with the state’s, Town Manager Russell Smith said Friday.

“We’ve talked about it for quite some time,” he said about changing from a Feb. 1 to Jan. 31 fiscal year to one that runs July 1 to June 30.

With all the unknowns this year in the state budget process and proposed major cuts to revenue sharing, it seemed to be a perfect time to make the change, Smith said.

“We could do a 17-month budget but we don’t know what is going to happen in Augusta,” Smith said.

A second town meeting will need to be scheduled in June to deal with the new fiscal year 2013-14 municipal budget.

“We’ll know better, at that point, what we can do,” the town manager said.

Gov. Paul LePage’s proposed $6.3 billion budget — which includes a two-year suspension of the state’s municipal revenue sharing program — would severely reduce revenues, Smith said.

Eddington is set to lose around $98,544 in revenue sharing, which is about 10 percent of the town’s approximately $1,014,000 budget, if the governor’s proposed biennial budget is approved.

The annual town meeting is Tuesday, March 26, and local elections will be held the day prior. Three people — incumbents Charles Baker Jr. and Peter Lyford and newcomer Charles Lazore — are running for the two selectmen seats up for grabs.

SAD 63 member Donald MacKenzie is not running for re-election, so his three-year seat is available and resident Rusty Gagnon is on the ballot.

CORRECTION:

An earlier version of this story requires correction. Rusty, not Rusta, Gagnon is on the ballot for an SAD 63 board member seat.

http://bangordailynews.com/2013/03/01/news/bangor/eddington-changing-fiscal-year-to-align-with-state/ printed on September 19, 2014