Politics & Government
Selectmen Propose 1.5% Budget Increase
A 1.5% increase in the town's budget would increase the average homeowner's bill by about $86, according to Framingham's Chief Financial Officer.
Residents may see an increase of $86.42, on average, in their annual tax bill in Fiscal Year 2013, if Town Meeting agrees to a proposed 1.5% increase in the Framingham's budget.
The 1.5% increase was supported by the Framingham Board of Selectmen with a unanimous vote.
Chief Financial Officer Mary Ellen Kelley had presented a recommended budget, with a 2.5% increase. That budget would mean a homeowner, on average, would pay $144.02 more in taxes in fiscal year 2013, explained Kelley.
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“Our taxpayers deserve any kind of break they can get,” said Selectman Chair Jason Smith. “This (the 1.5% levy increase) makes the most sense because we’re not touching the schools and it gives our taxpayers some relief.”
In order to get to a 1.5% levy, Kelley was charged with finding a way to eliminate $185,000 in expenditures in the budget she presented to Selectmen Thursday night.
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At this stage in the process, budgets are built on estimates of future revenue and spending and how much money the state will give Framingham.
At a 1.5% tax levy increase, Kelley estimated the town would have revenues of $224.9 million with single-family homeowners paying an average of $5,860 in taxes. This year, FY12, the residential tax burden was $5,774.
Other budget requests from the town’s departments included:
- assessment $9 million
- $12.6 million
- $11.6 million
- $3.2 million
- $3.5 million
Expected revenues for FY13 include:
- About $168.3 million in property tax (based on the best case 2.5 percent tax levy)
- State aid of $37.4 million
- Local receipts (licenses and permits) $15.6 million
- Free cash $2.6 million
The town’s revenue comes from two primary sources, residential taxes, which account for 74% of the town’s revenue, and state aid, which represents 16% of the overall revenue, explained Kelley
Town Meeting members will vote on the proposed FY13 budget in April or May. Annual Spring Town Meeting begins April 24.