Fire companies get state aid boost
State financial aid for fire companies gets a modest boost under the new budget while legislation to ramp up support is still in the hopper. The caps for loans under the state Fire and Emergency Medical Services Loan Program increase by various amounts depending on the spending category. For example, the two percent loans to help companies buy new apparatus, facilities and equipment are now capped at $750,000 versus $636,000 before. The loan caps for new aerial apparatus are $750,000 versus $494,000 before. The loan terms are extended to 30 years from 20 years. The Fiscal Year ...