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Assuming a positive vote, when does the increased funding level take effect?

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Assuming a positive vote, when does the increased funding level take effect?

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According to the law, the increased funding level will not apply to any budget adopted prior to the date of the election. Since in most municipalities the budget is adopted after Election Day, the new funding level should appear in the next annual budget after the election. If the budget were adopted prior to the election, then the increased budget would take effect in the year after next.

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