News of the latest round of possible state funding cuts seems to spare Madison from the worst. The state has not yet released $60 million in bonding that’s part of fiscal year 2016 Grants for Municipal Projects, and state legislators are considering legislation that could potentially reduce the amount of money available under the program in fiscal year 2017, according to the Connecticut Conference on Municipalities (CCM).

Madison First Selectman Tom Banisch said Madison doesn’t stand to lose much, however, even if that does happen.

Grants for municipal projects funds can be used for a wide range of local projects, including construction, snow removal, tree trimming, and traffic planning, among other things. The state Office of Policy and Management generally releases funds for these grants in February, but no money has been released yet, CCM said in a recent legislative alert.

If the money is not released, Madison could stand to lose $6,795 in funding. Losing that would be unfortunate, but manageable, for the town, Banisch said.

“We were among the smallest on that one for a change,” he said.

Banisch said he doesn’t believe the proposed legislation would affect more substantial grants the town has been awarded, but has not yet received, such as the Small Town Economic Assistance Program (STEAP) grants. “Our STEAP grant was awarded and it is in the process and we have one other application in and we haven’t heard anything on that yet, but I don’t believe that cut is going to impact STEAP,” he said.

The money from the Grants for Municipal Projects bonding would have been held in the town’s general grants account until it was designated for a particular project, according to Banisch, leaving that account underfunded by $6,700 if the proposed legislation is passed.