What happens is the debt-exclusion vote doesn’t pass in November?

If Belmont voters do not vote to fund the 7-12 school on November 6^th, Belmont will not be eligible to receive the $80.64 million in state aid offered by the MSBA. While the MSBA will spend the days following the failed vote reviewing options with the Town, the Town will be required to withdraw from the MSBA Grant program if it does not come up with the funding.  If Belmont chooses to request to re-enter the Grant program, it will be required to submit a new Statement of Interest and await a second invitation from the MSBA to enter the Feasibility Study Phase of the MSBA’s process. An invitation that took more than ten years for the initial round.