1540 WADK.com Updates

Portsmouth schools are in line to receive more in state aid in the next fiscal year than originally thought. According to the Daily News, the school department has been losing abut $250,000  a year in state aid for the past five years but the loss for the fiscal year starting July 1st, 2015 will only be about $70,000 . Town Finance Director James Lathrop said that one of the factors that influenced the change was the revaluation of town property in Portsmouth and how the revised valuation compared with other towns around the state. The department also recalculated the number of students who are eligible for free or reduced-price lunches in town schools, which Lathrop said is a big factor in determining the amount of school aid a community receives.




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