Revenue $310,893,296
Summary of General Fund Revenue — 2.9% Increase
| 2022 Actual | 2023 Actual | 2024 Actual | 25 Actual | 22 to 25 Average Annual % | 2026 Adopted Budget | 2027 Projected | 2027 % Change | 2027 $ Change | |
|---|---|---|---|---|---|---|---|---|---|
| 7. Levy Amount Used | $115,387,595 | $119,052,946 | $123,093,875 | $133,336,191 | 15.6% | $140,340,389 | $146,107,374 | 4.1% | $5,766,985 |
| FEES | $1,120,263 | $1,128,853 | $1,118,203 | $1,157,268 | 3.3% | $962,670 | $998,900 | 3.8% | $36,230 |
| FINES & FORFEITS | $738,716 | $867,029 | $725,450 | $674,504 | -8.7% | $628,275 | $625,000 | -0.5% | $(3,275) |
| INVESTMENTS | $282,915 | $1,606,088 | $3,222,599 | $3,120,502 | 1003.0% | $1,976,991 | $1,000,000 | -49.4% | $(976,991) |
| LICENSE & PERMITS | $3,678,439 | $4,098,379 | $3,042,484 | $2,888,395 | -21.5% | $2,289,912 | $2,300,000 | 0.4% | $10,088 |
| MEDICAID REIMBURSEMENT | $1,069,782 | $789,022 | $796,530 | $1,014,469 | -5.2% | $950,000 | $1,000,000 | 5.3% | $50,000 |
| MISC REV | $1,782,442 | $212,916 | $97,122 | $257,755 | -85.5% | 0.0% | – | ||
| Motor Vehicle Excise | $7,620,870 | $7,700,291 | $8,459,321 | $9,308,339 | 22.1% | $8,477,111 | $9,025,789 | 6.5% | $548,678 |
| OTHER AVAILABLE REVENUE | $6,539,817 | $7,717,830 | $7,065,921 | $6,290,257 | -3.8% | $6,233,062 | $6,210,304 | -0.4% | $(22,758) |
| OTHER DEPT REVENUE | $707,963 | $672,134 | $817,194 | $899,501 | 27.1% | $658,253 | $555,000 | -15.7% | $(103,253) |
| OTHER EXCISE | $2,507,796 | $2,779,100 | $2,797,580 | $2,793,127 | 11.4% | $2,711,464 | $2,751,440 | 1.5% | $39,976 |
| PENALTIES & INTEREST | $473,484 | $609,464 | $800,461 | $743,548 | 57.0% | $742,361 | $742,000 | 0.0% | $(361) |
| PILOT/WASTE DISPOSAL FEE | $2,603,112 | $2,762,606 | $3,179,846 | $3,119,403 | 19.8% | $3,014,364 | $3,304,799 | 9.6% | $290,435 |
| RENTALS | $152,470 | $191,513 | $225,058 | $199,510 | 30.9% | $198,450 | $198,450 | 0.0% | – |
| STATE AID (CHERRY SHEET) | $77,470,801 | $87,517,136 | $96,332,931 | $102,119,697 | 31.8% | $108,035,147 | $110,453,103 | 2.2% | $2,417,956 |
| Grand Total | $222,136,464 | $237,705,306 | $251,774,575 | $267,922,466 | 20.6% | $277,218,449 | $285,272,159 | 2.9% | $8,053,710 |
2027 General Fund Revenue Estimate — $285,272,159
| Tax Levy | $146,107,374 | 52% |
|---|---|---|
| State Aid | $110,453,103 | 39% |
| All Other Local Receipts | $13,475,589 | 5% |
| Motor Vehicle Excise | $9,025,789 | 3% |
| All Other Excise | $2,751,440 | 1% |
Revenue Forecast
"It is important to recognize that forecasting is more an art than an exact science. A simple, commonsense approach may be just as useful and accurate as an intricate, econometric model."
"Accuracy declines rapidly as you move beyond five years."
Massachusetts Department of Revenue, Division of Local Services, Annual Budget Best Practices, Revenue & Expenditure Forecasting
10-Year Revenue Projection
| Revenue | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. TAX LEVY | $146,107,374 | $150,928,917 | $155,909,572 | $160,898,678 | $166,047,436 | $171,360,954 | $176,844,504 | $182,503,528 | $188,343,641 | $194,370,638 |
| 2. MOTORVEHICLE EXCISE | $9,025,789 | $9,116,047 | $9,298,367 | $9,577,319 | $9,960,411 | $10,358,828 | $10,773,181 | $11,204,108 | $11,652,272 | $12,118,363 |
| 3. OTHER EXCISE | $2,751,440 | $2,820,226 | $2,904,833 | $3,006,502 | $3,126,762 | $3,251,832 | $3,381,906 | $3,517,182 | $3,657,869 | $3,804,184 |
| 4. PENALTIES & INTEREST | $742,000 | $764,260 | $787,188 | $810,803 | $835,128 | $860,181 | $885,987 | $912,566 | $939,943 | $968,142 |
| 5. PILOT & WASTE DISPOSAL FEE | $3,304,799 | $3,387,419 | $3,489,042 | $3,593,713 | $3,701,525 | $3,812,570 | $3,926,948 | $4,044,756 | $4,166,099 | $4,291,082 |
| 6. FEES | $998,900 | $1,018,878 | $1,039,256 | $1,060,041 | $1,081,241 | $1,102,866 | $1,124,924 | $1,147,422 | $1,170,371 | $1,193,778 |
| 7. RENTALS | $198,450 | $204,404 | $210,536 | $216,852 | $223,357 | $230,058 | $236,960 | $244,068 | $251,391 | $258,932 |
| 8. OTHER DEPT. REVENUE | $555,000 | $568,875 | $583,097 | $597,674 | $612,616 | $627,932 | $643,630 | $659,721 | $676,214 | $693,119 |
| 9. MEDICAID REIMBURSEMENT | $1,000,000 | $1,025,000 | $1,050,625 | $1,082,144 | $1,114,608 | $1,148,046 | $1,182,488 | $1,217,962 | $1,254,501 | $1,292,136 |
| 10. LICENSE & PERMITS | $2,300,000 | $2,346,000 | $2,404,650 | $2,484,003 | $2,570,944 | $2,660,927 | $2,727,450 | $2,795,636 | $2,865,527 | $2,937,165 |
| 11. FINES & FORFEITS | $625,000 | $643,750 | $663,063 | $682,954 | $703,443 | $724,546 | $746,283 | $768,671 | $791,731 | $815,483 |
| 12. INVESTMENTS | $1,000,000 | $1,030,000 | $1,060,900 | $1,098,032 | $1,136,463 | $1,176,239 | $1,217,407 | $1,260,016 | $1,304,117 | $1,349,761 |
| 14. STATE AID (CHERRY SHEET) W/O CH. 70 | $14,026,061 | $14,376,713 | $14,736,130 | $15,163,478 | $15,603,219 | $16,055,712 | $16,521,328 | $17,000,447 | $17,493,459 | $18,000,770 |
| 15. CH 70 STATE AID | $96,427,042 | $98,355,583 | $100,322,694 | $102,329,148 | $104,375,731 | $106,463,246 | $108,592,511 | $110,764,361 | $112,979,648 | $115,239,241 |
| 17. OTHER AVAILABLE REVENUE SOURCES | $6,210,304 | $5,775,583 | $5,371,292 | $4,995,301 | $4,645,630 | $4,320,436 | $4,018,006 | $3,736,745 | $3,475,173 | $3,231,911 |
| Grand Total | $285,272,159 | $292,361,654 | $299,831,244 | $307,596,643 | $315,738,514 | $324,154,374 | $332,823,510 | $341,777,191 | $351,021,957 | $360,564,705 |
| Annual % Increase | 2.9% | 2.5% | 2.6% | 2.6% | 2.6% | 2.7% | 2.7% | 2.7% | 2.7% | 2.7% |