| As the city of Salem roils over layout notices, and other towns struggle with tight budgets, Gov. Deval Patrick told municipal leaders Friday that he feels their pain. Patrick said he understands that they are experiencing tight fiscal times. |
"The deficits in 2006 and 2007 raise concerns over the School Department's level of spending in fiscal 2008. There will be more Circuit Breaker available in 2008 than in 2007, as there is no carry over deficit to be applied to the 2008 expected receipts. However, there was a deficit in Special Education Tuitions even with the full Circuit Breaker receipts for both fiscal 2006 and 2007.From the Forensic Report, page 10. Bold for my emphasis.
In addition, certain other accounts have been in deficit during both fiscal 2006 and 2007. We have prepared the three-year budget analysis, and provided a copy to the interim Director of Financial Operations. That analysis will assist in identification of potential budget shortfalls. However, the schedule is prepared based upon the inclusion of negative revenue items, which needs to be taken into consideration in evaluating the 2008 budget."
| MEDWAY - As they start preparing for the next fiscal year, town officials said yesterday the level-service budgets they have used the past few years are hurting municipal services. |
| More than 40 city workers were laid off last month to close a budget deficit. Then the outgoing City Council failed to approve new tax rates and declined to raise the water rates before leaving office. Now the city assessor... |
| The equivalent of about 80 full-time Salem Public School jobs need to be cut as a result of a $4.7 million deficit caused by underbudgeting and a former business manager's practice of paying old bills out of the current year's budget, Superintendent William J. Cameron Jr. said last night. |
| NEWTON The School Committee is moving forward with plans to build $1.4 million in modular classrooms to address overcrowding at four elementary schools, even though the district can't afford to staff them unless the mayor's proposed tax override passes next... |
| The Wall Street Journal reports that the combination of falling home values and rising property taxes is fueling frustration around the US. An excerpt from WSJ.com: Falling home values and rising property taxes in many parts of the country are... |
| For the second time since June, Saugus will have to borrow money to pay its bills, including payroll and utilities, until winter property tax revenues are collected. Officials expect to have to borrow $10 million in January to cover expenses.... |
| Randolph voters have rejected four overrides over the last few years, but political leaders also see other strains on the town. The social compact is broken, one official says in a story in Globe South. Randolph school leaders say they... |
| In Natick, an operational override question on the spring ballot is looking ever more likely as department heads in Natick ponder how to meet a projected $6.5 million budget shortfall. As it stands, the school system could face some of... |
| Property taxes are going up all over, including the cities and towns north of Boston that were surveyed by Globe North this week for this story. "Almost universally across the state, communities have a lack of money to pay for... |
