EagleTribune.com, North Andover, MA

Merrimack Valley

February 23, 2013

Winter costs are piling up

Snow and ice budgets hit hard this season

(Continued)

Contrary to public perception, however, if there is leftover snow removal money at the end of the year, it does not roll over into the following year’s account.

“Nothing carries over from year to year,” Basque said. “State law says every fiscal year is separate, so whoever doesn’t expend all their funds, it gets sent back and that becomes part of the formula for free cash.”

Free cash is often the preferred source to cover snow deficits. Officials from Newburyport and Newbury have indicated they would use free cash to cover their expected deficits, and Amesbury and West Newbury have done so in the past.

Angeljean Chiaramida, Jennifer Solis, and Michelle Pelletier Marshall contributed to this story.

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