Late last week, the state Division of Local Services updated the fiscal 2014 cherry sheets with the projected local aid figures in the House Ways and Means budget. Take a look at how those numbers compare with the Governor's proposed budget.
Earlier in the year, Governor Patrick submitted his $34.8 billion budget to the Legislature. The proposed income tax hike is part of a comprehensive package aimed at investing in the state's infrastructure and in driving growth, Patrick said.
Take a look at how the numbers affect Reading:
Cherry Sheet Estimate
Gov. budget ($)
HWM Budget ProposalEducation Funding Chapter 70 state education aid 9,903,702
Total education aid 9,930,333
General government Unrestricted general government 2,742,082
2,806,899 Sub-total, All general government 3,098,039
Total Aid (minus state assessments) 12,380,617 12,511,457 12,494,898
According to Assistant Town Manager Bob LeLacheur, Chapter 70 funding state-wide was increased by 5.4 percent, but Reading only saw a 1.1 percent increase.
"General government state-wide was increased by 3 percent state-wide in a new annual formula local aid line item, which is based on the wealth of the community and ‘ability to pay’. Reading saw an increase of 2.9 percent or $79k," LeLacheur said. "In FY13 our initial local aid (excluding school lunches and library aid which directly fund those purposes) was scheduled to be $12,985,784, so last fall we used $13 million as our assumption for FY14 local aid. Unfortunately the Governor’s budget, which is predicated on increases in tax revenues, provides only $133,041 more in local aid than our $13 million estimate."