Today the financial leadership of the House, the Senate and the Governor’s office held their annual “consensus revenue hearing”. In short, the outlook is fair — a continuing moderate budget squeeze with some warning flags about long-term issues. But those long-term issues — health care, pensions, and financial reserves — mean that the budgetary choices over the next few months won’t be easy.
Over the next few weeks, the Department of Elementary and Secondary Education will finalize the data underlying the Chapter 70 education aid distribution for next year and begin to explore options for tweaking the distribution formula. Over the past few years, I’ve been particularly concerned to influence the Chapter 70 formula to address the shortfall that Watertown has experienced.