Revenue $310,893,296
2027 Budget in Brief
| Revenue | 2022 Actual | 2023 Actual | 2024 Actual | 2025 Budgeted | 2026 Budgeted | 2027 Proposed |
|---|---|---|---|---|---|---|
| CH 70 STATE AID | $64,982,436 | $73,906,310 | $82,633,811 | $87,968,052 | $94,219,635 | $96,427,042 |
| FEES | $1,120,263 | $1,128,853 | $1,118,203 | $1,157,268 | $962,670 | $998,900 |
| FINES & FORFEITS | $738,716 | $867,029 | $725,450 | $674,504 | $628,275 | $625,000 |
| INVESTMENTS | $282,915 | $1,606,088 | $3,222,599 | $3,120,502 | $1,976,991 | $1,000,000 |
| LICENSE & PERMITS | $3,678,439 | $4,098,379 | $3,042,484 | $2,888,395 | $2,289,912 | $2,300,000 |
| MEDICAID REIMBURSEMENT | $1,069,782 | $789,022 | $796,530 | $1,014,469 | $950,000 | $1,000,000 |
| MISC. REVENUE | $1,782,442 | $212,916 | $97,122 | – | ||
| MOTOR VEHICLE EXCISE | $7,620,870 | $7,700,291 | $8,459,321 | $9,308,339 | $8,477,111 | $9,025,789 |
| OTHER AVAILABLE REVENUE SOURCES | $6,539,817 | $7,717,830 | $7,065,921 | $6,290,257 | $6,233,062 | $6,210,304 |
| OTHER DEPT. REVENUE | $707,963 | $672,134 | $817,194 | $899,501 | $658,253 | $555,000 |
| OTHER EXCISE | $2,507,796 | $2,779,100 | $2,797,580 | $2,793,127 | $2,711,464 | $2,751,440 |
| PENALTIES & INTEREST | $473,484 | $609,464 | $800,461 | $743,548 | $742,361 | $742,000 |
| PILOT & WASTE DISPOSAL FEE | $2,603,112 | $2,762,606 | $3,179,846 | $3,119,403 | $3,014,364 | $3,304,799 |
| RENTALS | $152,470 | $191,513 | $225,058 | $199,510 | $198,450 | $198,450 |
| STATE AID (CHERRY SHEET) W/O CH. 70 | $12,488,365 | $13,610,828 | $13,699,120 | $13,999,214 | $13,815,512 | $14,026,061 |
| TAX LEVY | $114,902,414 | $119,020,237 | $122,155,147 | $133,336,191 | $140,340,389 | $146,107,374 |
| Grand Total | $221,651,283 | $237,672,599 | $250,835,847 | $267,512,280 | $277,218,449 | $285,272,159 |
| Budget Surplus (Deficit) | $4,942,571 | $5,484,988 | $3,786,653 | $5,322,189 | $1 | $(0) |
$245 Estimated Tax Bill Increase
Average Single Family Home Tax Bill — Home Value $561,903
| Employee Benefits | $90 |
|---|---|
| Public Safety | $67 |
| Haverhill Public School | $32 |
| Regional Schools | $26 |
| State Assessments | $24 |
| Human Services | $5 |
| General Government | $1 |
This is an estimate based on 2026 valuations. This amount may increase or decrease based on 2027 valuations to be certified by the Department of Revenue in September 2026.
What the Council Raised
13.3 Order- That the sum of $ 274,750,725 be and hereby raised and appropriated designated as appropriation on the attached and further that said appropriation be funded in the following manner:
| Taxation and Other Receipts | $268,541,960 |
|---|---|
| Free Cash | $ 5,150,000 |
| Wastewater Receipts | $ 698,981 |
| Water Receipts | $234,784 |
| Transfer from Other Available Funds | $125,000 |
$ 274,750,725 is what the Council raised and appropriated for the general fund. The book prints $285,272,159 for the same year. The difference, $10,521,435, is the state assessments and the overlay: the Commonwealth's charges for charter school tuition, school choice, the MBTA and the rest, and the assessors' reserve for the property tax abatements the year will grant. Both are raised on the tax rate recapitulation sheet rather than appropriated, so they are spent without the Council voting them, and the front page's spending chart carries them with everything else the city spends.