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General Fund - Budget RECAPFY22FY23FY24 DepartmentFY24
Mayor
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Appropriations:
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Operating Budget 53,051,170 56,471,486 62,266,840 60,205,234
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Prop. 21/2 Exempt Debt Service 1,421,350 1,422,150 1,422,350 1,422,350
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Total Operating Budget 54,472,520 57,893,636 63,689,190 61,627,584
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Special Orders - - - -
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Special Council Votes - - - -
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Total Appropriations to be Raised
 54,472,520 57,893,636 63,689,190 61,627,584
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Other Amounts To Be Raised:
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Current Year Overlay 321,266 396,324 450,000 450,000
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Overlay Deficit (Prior Years) - 22,166 - -
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Snow & Ice - - - -
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Appropriation Deficits - - - -
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Enterprise Deficit 310,331 - - -
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State Assessments 299,726 285,437 281,876 281,876
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State Qualified Debt 1,802,295 1,791,694 1,807,981 1,807,981
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School Choice Sending Tuition 2,235,680 2,443,007 2,553,269 2,553,269
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Charter School Sending Tuition 1,653,479 1,682,915 1,864,768 1,864,768
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Total Other Amounts To Be Raised
 6,622,777 6,621,543 6,957,894 6,957,894
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TOTAL AMOUNT TO BE RAISED 61,095,297 64,515,179 70,647,084 68,585,478
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Estimated Receipts:
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Cherry Sheet Receipts 18,025,615 20,108,187 20,656,932 20,656,932
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Mass. School Building Authority - - - -
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Sewer Enterprise Indirect Costs 433,793 444,189 571,963 571,963
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Water Enterprise Indirect Costs 472,839 435,889 405,664 405,664
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GCET Enterprise Fringe 97,879 - - -
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Local Estimated Receipts 3,904,000 4,060,300 3,869,888 3,869,888
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Pay As You Throw Fees 600,000 700,000 700,000 700,000
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Parking Meter Receipts 200,000 250,000 250,000 250,000
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Total Estimated Receipts
 23,734,126 25,998,565 26,454,447 26,454,447
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Other Available Funds:
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OPEB Stabilization 100,000 100,000 100,000 100,000
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Stabilization Fund - - - -
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Free Cash 50,000 650,000 50,000 50,000
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Total Other Available Funds
 150,000 750,000 150,000 150,000
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TOTAL REVENUES & AVAILABLE FUNDS 23,884,126 26,748,565 26,604,447 26,604,447
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Total Amount to be Raised (Tax Levy) 37,211,171 37,766,614 44,042,637 41,981,031
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FY22FY23FY24 DepartmentFY24
Mayor
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Total Tax Levy
 37,211,171 37,766,614 44,042,637 41,981,031
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Total Town Valuation
 1,667,167,166 1,921,965,089 1,989,824,226 1,989,824,226
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Tax Rate 22.32 19.65 22.13 21.10
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FY22FY23FY24 DepartmentFY24
Mayor
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Levy Limit Calculation:
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Levy Allowed For Prior Fiscal Year 36,586,281 37,880,949 39,245,059 39,245,059
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2-1/2% Property Tax Increase 914,829 947,275 981,126 981,126
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New Growth 379,839 416,835 350,000 350,000
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Levy Limit
 37,880,949 39,245,059 40,576,185 40,576,185
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Debt Excludable From Prop. 21/2
 1,421,350 1,422,150 1,422,350 1,422,350
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Maximum Allowable Levy Limit
 39,302,299 40,667,209 41,998,535 41,998,535
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Levy Capacity (levy under/over levy limit)
 2,091,128 2,900,595 (2,044,102) 17,504
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