Brian Boyle, president of the Association of Town Finance Committees, speaks during the ATFC’s April 29 budget webinar.

The Association of Town Finance Committees held a webinar yesterday to discuss how the COVID-19 emergency could impact municipal budgets for the rest of the current fiscal year and in fiscal 2021.

The unprecedented shutdown of the economy has taken a toll on state and local revenue streams that has not yet been quantified. While the Baker-Polito administration has indicated that the state will continue to meet its commitments to cities and towns through June 30, the budget picture for fiscal 2021 is still a ways from coming into focus, creating an enormous challenge for local budget development.

The webinar panelists – MMA Legislative Director John Robertson and Hudson Town Manager Thomas Moses – covered all of this and more, exploring a range of scenarios and strategies that can help communities plan budgets in a time of uncertainty.

They also answered questions from town finance committee members during the 75-minute webinar.

Presentation materials – Thomas Moses, Town Manager, Hudson (157K PDF)