The government distributed part of the new Essential Services Fund, which was approved by the Fiscal Oversight Board, but municipal executives warn that the injection comes late and falls short
The government distributed part of the new Essential Services Fund, which was approved by the Fiscal Oversight Board, but municipal executives warn that the injection comes late and falls short
October 16, 2024 - 11:27 AM
Forty-two municipalities jointly received almost $29 million from the recently created Municipal Essential Services Fund, which the Fiscal Oversight Board (JSF) approved in the current budget, replacing the now-defunct Equalization Fund. However, the mayors fear that this injection of funds will be insufficient and that the situation will worsen starting in January when the bulk of the federal aid that has kept the municipalities afloat in recent years expires.
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