Canton, Massachusetts · Saved source text
(2-11-26 Document #2) FY27 Split Guideline and General Fund Revenue Forecast
Saved text from 14 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 1
GUIDELINE USED TO ESTABLISH OPERATING BUDGET TARGETS
FY 2027
137,756,593 Total FY '27 General Revenue Estimate
(231,663) FY '27 State Aid School Increase (Adjusted Governor's FY 27 Proposal - FY '26 Budget)
(72,054) FY '27 State Aid General Government Increase (Adjusted Governor's FY 27 Proposal - FY '26 Budget)
(59,186,743) FY '26 Budget - School
(29,351,515) FY '26 Budget - Municipal
(40,591,510) FY '27 Fixed Costs
(167,877) FY '27 Ambulance Receipts Increase Dedicated to Fire Dept.
(1,712,256) FY '27 State & County Charges
(2,322,381) FY '27 School & Municipal Cash Capital Allocated
(133,635,997) Reduction to FY '27 Revenue to Determine Incremental New Funds for School & Municipal Budgets
4,120,595 New Funding for FY '27 Budget, Excluding State Aid Change
4,424,312 66.85% FY '26 School Share of Combined School/Municipal Budgets
33.15% FY '26 Municipal Share of Combined School/Municipal Budgets
2,754,568 FY '27 School 66.85% Share of New Revenue Excluding State Aid Change
231,663 FY '27 State Aid School Increase
59,186,743 School - FY '26 Budget
62,172,973 FY '27 School Budget Target
66.76% FY '27 School Share of Combined School/Town Budgets
66,526,095 (4,353,122) Total School Budget Request and Reduction and Other Funds Needed
12.40% 5.05% Percentage growth in FY27 Budget
1,366,028 FY '27 Municipal 33.15% Share of New Revenue Excluding State Aid Change
72,054 FY '27 State Aid General Government Increase
167,877 FY '27 Ambulance Receipts Dedicated to Fire Dept.
29,351,515 Municipal - FY '26 Budget
30,957,473 FY '27 Municipal Budget Target
33.24% FY '27 Municipal Share of Combined School/Municipal Budgets
31,378,442 (420,969) Total Municipal Budget Request and Reduction Needed
6.91% 5.47% Percentage growth in FY27 Budget
93,130,446 TOTAL SCHOOL & MUNICIPAL BUDGET TARGET
2/9/2026Source page 2
SCHOOL / MUNICIPAL HISTORICAL SPLIT of GENERAL FUND BUDGETARY RESOURCES*
Town of Canton
FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 13 Year CAGR
General Fund Revenue Budget 76,507,344 78,850,685 82,102,391 86,046,403 90,750,754 94,877,046 98,591,200 103,100,786 106,687,064 112,729,475 118,270,827 124,212,328 129,696,182
General Fund Revenue Growth % 3.5% 3.1% 4.1% 4.8% 5.5% 4.5% 3.9% 4.6% 3.5% 5.7% 4.9% 5.0% 4.4% 4.42%
- - 100,000 - 194,000 - (26,000) - - (929,474) (78,898) (582,001)
School Budget 33,320,505 34,520,505 36,168,994 38,077,710 40,221,559 42,396,405 44,114,362 46,419,604 47,792,662 50,658,405 53,490,543 56,260,842 59,186,743 4.86%
School % of School / Municipal Total 66.65% 66.65% 66.65% 66.70% 66.88% 67.01% 66.95% 67.05% 66.90% 66.93% 66.77% 66.82% 66.85% 66.84%
Municipal Budget 16,674,371 17,274,371 18,101,726 19,006,901 19,919,076 20,876,402 21,777,124 22,812,135 23,643,027 25,025,058 26,621,741 27,940,736 29,351,515 4.78%
Municipal % of School / Municipal Total 33.35% 33.35% 33.35% 33.30% 33.12% 32.99% 33.05% 32.95% 33.10% 33.07% 33.23% 33.18% 33.15% 33.16%
Total School / Municipal Budget 49,994,876 51,794,876 54,270,720 57,084,611 60,140,635 63,272,807 65,891,486 69,231,739 71,435,689 75,683,463 80,112,284 84,201,578 88,538,258 4.84%
Total % of School / Municipal Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 38,715
Fixed Costs (Incl. State & County Assessments) 25,626,468 26,020,809 26,831,671 27,761,792 29,410,119 30,104,239 31,199,714 32,619,047 33,590,375 34,207,538 35,948,645 37,326,749 39,185,071
Fixed Costs Growth % 1.5% 1.5% 3.1% 3.5% 5.9% 2.4% 3.6% 4.5% 3.0% 1.8% 5.1% 3.8% 5.0% 3.44%
School Capital Outlay Budget 443,000 535,000 550,000 600,000 694,000 750,000 750,000 600,000 800,000 944,000 1,000,000 1,056,000 1,100,000 8.86%
School % of School / Municipal Total 50.0% 51.7% 50.0% 50.0% 49.8% 50.0% 50.9% 48.0% 48.2% 49.4% 46.9% 50.2% 52.3% 49.74%
Municipal Capital Outlay Budget 443,000 500,000 550,000 600,000 700,000 750,000 724,000 650,000 861,000 965,000 1,131,000 1,046,000 1,004,335 8.12%
Municipal % of School / Municipal Total 50.0% 48.3% 50.0% 50.0% 50.2% 50.0% 49.1% 52.0% 51.8% 50.6% 53.1% 49.8% 47.7% 50.26%
Total School / Municipal C.O. Budget 886,000 1,035,000 1,100,000 1,200,000 1,394,000 1,500,000 1,474,000 1,250,000 1,661,000 1,909,000 2,131,000 2,102,000 2,104,335 5,453
Total % of School / Municipal Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
* Annual published Town Meeting Reports are the source documents for this information.
The "Split" of General Fund Revenues Between School & Municipal Has Been Very Consistent for the Last 13 Years.
The Weighted Average "Split" Has Been 66.84% / 33.16%, School / Municipal, Respectively.
The Range Has Only Spanned 40 Basis Points, and Only 20 Basis Points Higher or Lower for Each in Any Year.
Although the "Split" Has Been Very Stable, School Budgets Have Grown at a Slightly Faster Rate at 4.86% vs. 4.78% for Municipal.
However Revenue Growth Has Avg'd Less at 4.42%. Slower Avg. Fixed Cost Growth at 3.44% Has Allowed for the Higher Growth Rates.
Cash Capital Is Intended to be Evenly Split and the Result Has Averaged 49.74% School, 50.26% Municipal, Due to Allowed Capital Shifting Between Years.
ATMDATA - 02-07-26.xlsx 2/9/2026Source page 3
REVENUE ESTIMATE
for
FY 2027 GENERAL FUND
OPERATING BUDGETS
Prepared for: The Revenue Forecasting Committee
For Discussion Purposes
Town of Canton
February 4, 2026Source page 4
INDEX
Page
3 CANTON’S REVENUE FORECASTING POLICY
4 REVENUES & EXPENDITURES: FY ‘21 – FY ’27
5 PROPERTY TAX REVENUE: FY ‘21 – FY ‘27
6 PROPERTY TAXES from DEBT EXCLUSIONS - NET OF REIMBURSEMENTS: FY ‘21 – FY ‘27
7 STATE AID: FY ‘21 – FY ‘FY 2027
8 COMBINED "CHERRY SHEET" for REVENUE & ASSESSMENTS
9 LOCAL RECEIPTS: FY ‘21 – FY ’27
10 TRANSFERS from OTHER FUNDS: FY ‘21 – FY ’27
11 AMBULANCE RECEIPTS RESERVED FUND HISTORY & FORECAST: FY '21 - FY '27
12 FIXED COSTS and STATE & COUNTY ASSESSMENTS: FY ‘21 – FY ’27
2Source page 5
REVENUE FORECASTING POLICY
The goal of general fund revenue forecasting is to establish a consensus that
results in the Town being able to provide desired service levels to the
community that are reliably sustainable over the long term. Therefore the
forecast will be based on recurring revenue and funding streams that have a
high confidence level of being sustained and that will grow to meet the service
level needs.
In addition, in order to hedge against the inevitable cycle of unfavorable
fluctuations in recurring revenues and to avoid service reductions, a further goal
is to budget a revenue forecast that will almost always result in using less than
100% of reasonably expected recurring revenues, i.e., “ below the Town’s
means”. This annual revenue surplus will accrue to the Town’s reserves as a
Free Cash “recharge” and can be used to stabilize budgets and service levels
when prudent and necessary.
3Source page 6
SUMMARY OF REVENUES AND EXPENDITURES
FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 83,773,978 86,783,670 90,024,636 94,156,371 97,862,858 101,485,165 105,545,525
STATE AID 9,722,010 9,356,281 10,747,582 11,550,752 11,969,134 12,491,593 12,958,579
LOCAL RECEIPTS 9,186,431 10,690,006 13,127,638 13,858,983 14,343,454 11,279,047 13,072,203
TRANSFERS FROM OTHER FUNDS 2,795,521 2,971,672 3,452,800 4,274,802 3,977,805 4,440,377 6,180,286
TAX TITLE / FORECLOSURE REVENUE 221,451 148,855 222,957 163,001 217,557 0 0
TOTAL REVENUES 105,699,391 109,950,484 117,575,613 124,003,910 128,370,808 129,696,182 137,756,593
Increase vs. Prior Year Budget 6.7% 7.5% 7.5% 10.0% 3.5% 4.4% 6.2%
Excluding Ambulance Funding = 3.1% 4.9%
GENERAL FUND EXPENDITURES:
SCHOOL PRIOR YEAR ORIGINAL BUDGET 44,114,362 46,186,271 47,792,662 50,658,405 53,490,543 56,260,842 59,186,743
SCHOOL BUDGET ADJUSTMENT NEEDED TO BALANCE 310,421 76,287 2,776,306 3,321,201 2,770,299 2,925,901 2,986,230
SCHOOL EXPENSE BUDGET 46,032,350 47,792,662 50,568,968 53,979,606 56,260,842 59,186,743 62,172,973
4.5% 3.5% 5.81% 6.74% 4.23% 5.20% 5.05%
MUNICIPAL PRIOR YEAR ORIGINAL BUDGET 21,777,124 22,731,468 23,618,027 25,025,058 26,621,741 27,940,736 29,351,515
MUNICIPAL BUDGET ADJUSTMENT NEEDED TO BALANCE 527,478 413,390 1,407,031 1,529,317 1,224,335 1,410,779 1,605,958
MUNICIPAL EXPENSE BUDGET 22,340,658 23,618,027 25,025,058 26,554,375 27,846,076 29,351,515 30,957,473
2.9% 3.9% 5.96% 6.11% 4.86% 5.05% 5.47%
FIXED COSTS 30,964,081 31,065,430 32,639,205 33,620,015 35,213,207 37,644,944 40,591,510
7.1% -1.1% 5.07% 3.01% 4.74% 5.25% 7.83%
TOTAL OPERATING EXPENSES 99,337,089 102,476,119 108,233,231 114,153,996 119,320,125 126,183,201 133,721,956
3.6% 2.1% 5.62% 5.47% -0.54% 5.18%
SCHOOL CASH CAPITAL 600,000 800,000 944,000 1,000,000 1,056,000 1,100,000 1,200,000
MUNICIPAL CASH CAPITAL 650,000 836,509 965,000 1,131,000 1,046,000 1,004,335 1,122,381
CASH CAPITAL EXPENDITURES 1,250,000 1,636,509 1,909,000 2,131,000 2,102,000 2,104,335 2,322,381
TRANSFER TO OTHER STABILIZATION FUNDS 0 0 1,000,000 1,000,000 2,000,000 1,000,000 1,000,000
TRANSFERS TO STABILIZATION FUNDS 0 0 1,000,000 1,000,000 2,000,000 1,000,000 1,000,000
SPECIAL APPROPRIATIONS 828,429 3,212,418 (1,000,000) 3,796,577 4,443,137 4,724,064 2,541,225
STATE & COUNTY CHARGES 1,424,853 1,461,597 1,513,485 1,504,688 1,531,897 1,540,127 1,712,256
TOTAL EXPENDITURES 102,840,371 108,786,643 111,655,716 122,586,261 129,397,159 135,551,727 141,297,818
SURPLUS/(DEFICIT) - GENERAL FUND 2,859,021 1,163,842 5,919,897 1,417,649 (1,026,351) (5,855,546) (3,541,225)
ATMDATA - 02-07-26.xlsx summary 2/9/2026Source page 7
PROPERTY TAX REVENUE
FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 5 YEAR FY 2026 FY 2027
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL AVERAGE ACTUAL ESTIMATE
GENERAL FUND REVENUE:
PRIOR YEAR LEVY LIMIT 79,874,050 83,420,671 87,873,937 91,363,694 95,959,276 99,850,234 103,598,549
ADD 2.5% 1,996,851 2,085,517 2,196,848 2,284,092 2,398,982 2,496,256 2,589,964
ADD REAL ESTATE NEW GROWTH 1,018,931 2,197,255 1,068,806 2,170,651 1,063,529 1,503,834 397,239 800,000
ADD PERSONAL PROPERTY NEW GROWTH 530,839 170,494 224,103 142,690 432,001 300,025 854,820 400,000
SUB-TOTAL LEVY LIMIT 83,420,671 87,873,937 91,363,694 95,961,127 99,853,788 103,598,549 107,388,513
ADD DEBT EXCLUSIONS (NET OF REIMBURSEMENTS) 1,586,104 1,482,229 1,482,928 1,283,617 911,390 885,846 861,851
LESS UNUSED LEVY CAPACITY (64,833) (127,856) 11,649 (35,185) (12,809) (45,807) (111,068) (50,000)
LESS AMOUNT of TAHMO P.I.L.O.T. (Now in local receipts) 0 (1,600,000) (1,648,000) (1,697,440) (1,748,363) (1,800,814) (1,854,839)
TOTAL PROPERTY TAXES-CURRENT YEAR 84,941,942 87,628,309 91,210,271 95,512,119 99,004,006 102,572,513 106,345,525
ADJUST TO ACTUAL AMOUNT BILLED 0 0 0 0 0 0 0
LESS ABATEMENTS & EXEMPTIONS (411,429) (1,996,039) (955,749) (1,826,225) (1,409,412) (1,319,771) (1,211,313) (800,000)
SUB-TOTAL PROPERTY TAX REVENUE 84,530,513 85,632,271 90,254,522 93,685,894 97,594,594 101,361,200 105,545,525
OVER/(UNDER) COLLECTIONS (756,535) 1,151,399 (229,886) 470,477 268,264 180,744 0 0
NET PROPERTY TAX REVENUE 83,773,978 86,783,670 90,024,636 94,156,371 97,862,858 101,361,200 105,545,525
Net Property Tax Revenue is Estimated to Increase by ~$4.18MM to ~$105.5MM
Levy Limit is Increasing by 2 1/2% or ~$2.59MM
New Growth Tax is Estimated at $1.2MM
Allowable Levy is Reduced by Point32 Health PILOT of ~1.85MM, which is now in Local Receipts
ATMDATA - 02-01-26.xlsx property taxes 2/4/2026 5Source page 8
PROPERTY TAXES FROM DEBT EXCLUSIONS - NET OF REIMBURSEMENTS
LAST FY FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
DESCRIPTION IMPACT ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE
LUCE SCHOOL 2021 444,150 0 0 0 0 0 0
LIBRARY 2023 299,895 287,500 108,255 0 0 0 0
HIGH SCHOOL 2024 533,088 483,408 436,963 346,758 0 0 0
HANSEN SCHOOL ADDITION 2037 273,082 263,643 261,000 255,600 250,200 244,800 239,400
BOLIVAR POOL 2040 467,890 457,059 443,459 429,859 416,259 402,659 389,059
ST GERARD'S 2042 0 0 259,225 275,427 267,000 258,500 251,550
TOTAL DEBT SERVICE 2,018,105 1,491,609 1,508,901 1,307,644 933,459 905,959 880,009
LESS MSBA OFFSETS & OTHER ADJUSTMENTS:
LUCE SCHOOL MSBA REIMBURSEMENT (422,032) 0 0 0 0 0 0
ADDITIONAL INTEREST PAID ON REFUNDINGS 0 0 0 0 0 0 0
BOLIVER EXCLUDED DEBT SURPLUS REDUX 0 0 (17,051) (15,699) (14,346) (12,994) (11,641)
EXCESS BOND PREMIUM FOR HANSEN SCHOOL (9,278) (8,728) (8,190) (7,644) (7,098) (6,552) (6,006)
NET PREMIUM RECEIVED ON NOTES & BONDS (691) (653) (732) (684) (625) (567) (511)
TOTAL MSBA OFFSETS & OTHER ADJUSTMENTS (432,001) (9,381) (25,973) (24,027) (22,069) (20,113) (18,158)
NET EXCLUDED DEBT SERVICE 1,586,104 1,482,228 1,482,928 1,283,617 911,390 885,846 861,851
Debt Exclusion Tax is Decreasing ~$24K due to Amortization of Existing Bond Issues
Library was Paid Off Three Years Ago and the High School Two Years Ago
By FY28 Gross Excluded Debt is Scheduled to be ~$1.2MM Less than it was in FY18
This will Free Up Some Capacity for the Galvin Middle School Project
ATMDATA - 02-01-26.xlsx debt exclusions 2/4/2026 6Source page 9
STATE AID
FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2026 FY 2027
DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET SIGNED ESTIMATE
CHAPTER 70 6,516,115 6,613,135 7,890,436 8,665,186 9,007,450 9,267,189 9,502,600 9,730,662
2.7% 1.5% 19.3% 9.8% 3.9% 2.9% 5.5% 2.4%
SCHOOL TRANSPORTATION 0 0 0 0 0 0 0
CHARTER TUITION ASSESSMENT REIMBURSEMENT 173,325 84,466 132,770 48,019 18,831 19,373 150,006 153,606
SUB-TOTAL EDUCATION 6,689,440 6,697,601 8,023,206 8,713,205 9,026,281 9,286,562 9,652,606 9,884,269
5.1% 0.1% 19.8% 8.6% 3.6% 2.9% 6.9% 2.4%
UNRESTRICTED GENERAL GOVERNMENT AID 2,277,134 2,356,834 2,484,103 2,563,594 2,640,502 2,698,593 2,669,548 2,733,617
VETERANS' BENEFITS 115,022 112,591 32,014 55,850 77,359 110,890 106,736 109,298
STATE OWNED LAND (PAYMENTS IN LIEU OF TAXES) 39,686 44,688 57,582 66,354 68,012 68,330 68,020 69,652
EXEMPTIONS FOR ELDERLY, VETS ETC. 144,423 110,294 116,405 151,749 156,979 174,223 157,952 161,743
SUB-TOTAL GENERAL GOVERNMENT 2,576,265 2,624,407 2,690,104 2,837,547 2,942,852 3,052,036 3,002,256 3,074,310
-0.7% 1.9% 2.5% 5.5% 3.7% 3.7% 2.0% 2.4%
SUB-TOTAL STATE AID 9,265,705 9,322,008 10,713,310 11,550,752 11,969,133 12,338,598 12,654,862 12,958,579
3.4% 0.6% 14.9% 7.8% 3.6% 3.1% 5.7% 2.4%
SCHOOL CONSTRUCTION (MSBA):
LUCE SCHOOL 422,032 0 0 0 0 0 0 0
HANSEN SCHOOL ELEVATOR 18,328 18,328 18,328 0 0 0 0 0
KENNEDY SCHOOL ELEVATOR 15,945 15,945 15,944 0 0 0 0 0
TOTAL SCHOOL CONSTRUCTION AID 456,305 34,273 34,272 0 0 0 0 0
TOTAL STATE AID 9,722,010 9,356,281 10,747,582 11,550,752 11,969,133 12,338,598 12,654,862 12,958,579
3.2% -3.8% 14.9% 7.5% 3.6% 3.1% 5.7% 2.4%
Governor's FY '27 Proposed Budget Was Released on 1/28/26
Current Assumption is an Overall 2.4% Increase, which is the Consensus for Non-Surtax Revenue
The Result is Education Aid up $232K; General Govt. Aid up $72K
Total State Aid Assumption Reflects a $304K Increase
ATMDATA - 02-01-26.xlsx state aid 2/4/2026
7Source page 10
FY 2027 STATE AID ESTIMATES
FY 2021 Final FY 2022 Final FY 2023 Final FY 2024 Final FY 2025 FY 2025 FY 2026 FY 2026 FY 2027
Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet
Estimate Estimate Estimate Estimate Gov's Budget ACTUAL Gov's Budget ACTUAL Gov's Budget
Education:
Chapter 70 6,516,115 6,613,135 7,890,436 8,665,186 8,763,916 9,007,450 9,267,189 9,502,600 9,751,900
Charter Tuition Reimbursement 173,325 84,466 132,770 58,821 31,478 18,831 19,373 150,006 39,117
Sub-total, All Education Items: 6,689,440 6,697,601 8,023,206 8,724,007 8,795,394 9,026,281 9,286,562 9,652,606 9,791,017
General Government:
Unrestricted Gen Gov't Aid 2,277,134 2,356,834 2,484,103 2,563,594 2,640,502 2,640,502 2,698,593 2,669,548 2,736,130
Veterans Benefits 115,022 112,591 32,014 57,906 71,440 77,359 110,890 106,736 102,550
State Owned Land 39,686 44,688 57,582 66,421 66,739 68,013 68,330 68,020 69,781
Exemptions: VBS and Elderly 144,423 110,294 116,405 118,371 113,991 156,979 174,223 157,952 192,751
Sub-Total, All General Government 2,576,265 2,624,407 2,690,104 2,806,292 2,892,672 2,942,853 3,052,036 3,002,256 3,101,212
Total Estimated Receipts 9,265,705 9,322,008 10,713,310 11,530,299 11,688,066 11,969,134 12,338,598 12,654,862 12,892,229
County Assessments:
County Tax 222,558 224,723 230,341 242,144 248,197 248,197 272,085 272,085 272,085
Sub-Total, County Assessments: 222,558 224,723 230,341 242,144 248,197 248,197 272,085 272,085 272,085
State Assessments and Charges:
Mosquito Control Projects 114,338 116,662 119,611 123,944 126,763 126,734 134,397 134,362 140,241
Air Pollution Districts 9,070 9,210 9,456 9,791 10,036 10,064 10,569 10,569 10,070
Metropolitan Area Planning Council 12,684 13,115 13,611 14,181 14,535 14,626 14,963 14,941 15,275
RMV Non-Renewal Surcharge 22,840 22,840 18,540 20,100 17,560 25,080 25,080 25,080 26,620
MBTA (Includes $12K Canton Junction Access Fee - Starts FY25) 529,250 539,141 562,758 593,483 619,291 621,977 636,247 636,171 653,938
Special Education 13,639 12,856 0 0 0 0 0 0 38,463
School Choice Sending Tuition 95,669 90,541 121,089 126,329 105,871 102,334 58,530 96,128 173,657
Charter School Sending Tuition 382,467 472,853 435,682 438,703 417,213 382,885 388,256 514,060 381,907
Sub-Total, State Assessments: 1,179,957 1,277,218 1,280,747 1,326,531 1,311,269 1,283,700 1,268,042 1,431,311 1,440,171
Total Estimated Assessments 1,402,515 1,501,941 1,511,088 1,568,675 1,559,466 1,531,898 1,540,127 1,703,396 1,712,256
Net State Aid 7,863,190 7,820,067 9,202,222 9,961,624 10,128,600 10,437,237 10,798,471 10,951,466 11,179,973
A Disappointing Trend Has Developed with the Current Governor's Approach to Local Aid.
Historically the Governor's Proposed State Aid Budget Released in January Could Be Relied Upon for Municipal Budgeting.
Historically the State Legislature Has Voted the Governor's Ch. 70 & UGGA Aid to be Unchanged Throughout
the 6 Month Budget Process to Provide Municipalities Certainty on 97% of the State Aid Proposal.
For the 3rd Year in Row this Governor Has Ended that Long Standing Practice Considered A Cornerstone of the State /
Municipal Partnership, Creating Unnecessary Challenges for Local Governments Setting Their Budgets.
ATMDATA - 02-04-26.xlsx cherry sheet 2/4/2026Source page 11
LOCAL RECEIPTS
ORG FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 5 YEAR FY 2026 FY 2027
DESCRIPTION # ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL AVERAGE BUDGET ESTIMATE
10.9% -0.9% 5.5% 6.7% 9.4% 6.2%
EXCISE TAXES (Motor Vehicle) 10015 5,057,570 5,014,394 5,290,490 5,644,166 6,173,577 5,436,039 5,100,000 5,600,000
-25.8% 70.3% 42.5% 22.7% 1.5% 17.5%
OTHER EXCISE (Hotel & Meals) 10016 421,812 718,256 1,023,603 1,256,370 1,275,654 939,139 1,287,600 1,493,276
59.2% -25.5% 10.2% 10.6% 19.6% 11.6%
PENALTIES & INTEREST 10017 382,088 284,510 313,655 346,951 415,092 348,459 300,000 300,000
10.9% 568.1% 2.9% 2.9% 2.9% 51.8%
PAYMENTS IN LIEU OF TAXES 10018 281,830 1,882,844 1,937,379 1,993,518 2,051,307 1,629,376 2,110,795 2,172,033
74.4% -32.9% -8.2% -6.1% 6.8% 1.5%
FEES 10032 258,238 173,284 159,153 149,375 159,522 179,914 175,000 175,000
10.1% -1.7% -25.7% -73.1% 2.5% -26.1%
RENTALS (Mobile Leases) 10036 241,102 236,884 176,005 47,259 48,441 149,938 49,652 50,893
18.3% -10.7% -6.2% -12.9% 21.9% 1.0%
OTHER DEPARTMENT REVENUE 10037 109,223 97,545 91,482 79,638 97,098 94,997 95,000 95,000
-11.1% 21.7% -6.9% -1.9% 0.3% -0.2%
ALCOHOLIC BEVERAGES LICENSES 10041 72,756 88,540 82,400 80,825 81,075 81,119 81,000 81,000
30.3% 16.2% -9.0% 26.7% -12.4% 8.9%
OTHER LICENSES 10042 80,626 93,702 85,253 108,000 94,615 92,439 85,000 90,000
40.1% -20.3% 9.1% -32.0% 11.7% -1.5%
PERMITS 10045 1,791,140 1,427,740 1,558,008 1,059,527 1,183,795 1,404,042 1,400,000 1,400,000
0.0% 0.0% 100.0% -73.2% -100.0% 0.0%
OTHER FEDERAL REVENUE 10054 0 0 61,330 16,442 0 15,554 0 0
-3.0% -25.6% 47.5% 25.5% -10.6% 3.6%
FINES & FORFEITURES 10077 53,018 39,461 58,206 73,074 65,325 57,817 55,000 55,000
-58.4% -5.0% 888.6% 71.5% -18.3% 40.5%
INTEREST INCOME 10082 164,548 156,257 1,544,776 2,648,860 2,163,420 1,335,572 1,750,000 1,750,000
-13.6% -27.9% 327.1% -53.7% -16.6% 0.6%
OTHER MISCELLANEOUS REVENUE 10084 162,953 117,528 502,016 232,516 194,002 241,803 100,000 120,000
-4.5% 227.8% -32.1% -49.8% 178.1% 24.3%
REIMBURSEMENTS 10085 109,527 359,061 243,868 122,465 340,534 235,091 190,000 190,000
TOTAL LOCAL RECEIPTS 9,186,431 10,690,006 13,127,638 13,858,983 14,343,458 12,241,303 12,779,047 13,572,203
11.2% 16.4% 22.8% 5.6% 3.5% 11.7% -10.9% 6.2%
BUDGET 7,600,000 8,800,000 8,800,000 9,250,000 10,163,307 8,922,661 11,279,047 13,072,203
ACTUALS MORE THAN BUDGET 1,586,431 1,890,006 4,327,638 4,608,983 4,180,151 3,318,642 1,500,000 500,000
BUDGET INCREASE (DECREASE) 221,196 1,200,000 - 450,000 913,307 556,901 1,115,740 1,793,156
Local Receipts Budget Estimated to Increase by $1.8MM or 15.9%
Gross Receipts Estimated to Increase by $793K or 6.2%
Free Cash Recharge Targeted at $500K, Within the Planned Range of $500K & $2MM
ATMDATA - 02-01-26.xlsx local receipts 2/4/2026
9Source page 12
TRANSFERS FROM OTHER FUNDS
FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
FUND # DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE
100 OVERLAY SURPLUS 27,500 0 0 0 0 0 0
100 FREE CASH 100,000 0 0 0 0 0 0
101 SCHOOL FOOD SERVICE 0 0 40,125 160,500 160,500 160,500 200,000
111 SOLAR FACILITY 401,124 475,320 966,209 935,079 587,194 641,484 620,334
115 BOND PREMIUMS & ISSUANCE COSTS 9,278 9,381 8,795 8,321 7,723 7,119 6,517
116 PLYMOUTH RUBBER DIF FUND - Revere Site Acquisition Debt 0
Service 0 0 570,908 570,907 562,000 674,317
134 PEQUITSIDE FARM RENTALS 0 0 0 0 0 0 0
135 GREENLODGE STREET PARKING FEES 70,000 35,000 35,000 25,000 35,000 31,000 33,000
170 AMBULANCE SERVICE - OPERATING 900,000 1,000,000 1,000,000 1,136,000 1,170,080 1,205,182 1,235,312
170 AMBULANCE SERVICE - CAPITAL 0 0 0 0 532,000 0 0
170 AMBULANCE SERVICE - DEBT SERVICE 160,740 258,530 187,550 181,650 86,200 199,133 336,880
170 AMBULANCE SERVICE - TOTAL 1,060,740 1,258,530 1,187,550 1,317,650 1,788,280 1,404,315 1,572,192
172 SALE OF LOTS/GRAVES 10,000 10,000 10,000 10,000 10,000 10,000 10,000
173 INSURANCE REIMBURSEMENT OVER $20,000 0 0 0 0 0 0 0
174 WETLANDS PROTECTION 0 0 0 0 0 0 0
175 SALE OF REAL ESTATE 0 0 0 0 0 0 0
600 SEWER ENTERPRISE FUND 378,855 402,613 429,495 391,323 460,925 451,273 593,105
640 WATER ENTERPRISE FUND 632,564 660,999 742,455 809,769 820,877 818,869 901,002
700 RINK ENTERPRISE FUND 5,460 14,829 28,171 41,252 63,399 48,750 43,222
801 STABILIZATION FUND 0 0 0 0 0 0 0
812 CEMETERY PERPETUAL CARE (EXPENDABLE) 0 5,000 5,000 5,000 5,000 5,000 5,000
861 HEALTH INSURANCE TRUST 0 0 0 0 0 200,000 0
862 DENTAL INSURANCE TRUST 100,000 100,000 0 0 0 100,000 200,000
865 UNEMPLOYMENT COMPENSATION TRUST 0 0 0 0 0 0 100,000
B2309 GMS FEASIBILITY REIMBURSEMENT ACCOUNT 0 0 0 0 0 0 738,565
115 BOND PREMIUM ACCOUNT 0 0 0 0 0 0 299,950
801 GMS CAPITAL STABILIZATION ACCOUNT 0 0 0 0 0 0 183,083
TOTALS 2,795,521 2,971,672 3,452,800 4,274,802 4,509,805 4,440,310 6,180,286
Transfers to the General Fund are Recommended to Increase by a net of ~$1.74MM for Operating Budgets
$1.22MM from GMS Bond Anticipation Note Interest Payment Funds
$218K Increase in Enterprise Fund Chargebacks; $112K Increase from DIF Fund Towards Debt Service
~$168K Increase from Ambulance Receipts and a $21K DEcrease from Solar Revenues
$200K from Dental Insurance Trust and $100K from Unemployment Claims Trust
~$40K Increase from School Lunch; Removal of One-Time $200K Funding from the Health Insurance Trust
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ATMDATA - 02-01-26.xlsx transfers 2/4/2026Source page 13
AMBULANCE (EMS) RECEIPTS RESERVED FUND
FY 2021 - 2031
Town of Canton
APPROPRIATION VIEW Actual Actual Actual Actual Actual Projected Projected Projected Projected Projected Projected
FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Est. Balance, ATM (May) 1,293,630 1,552,865 1,764,234 2,180,352 2,573,214 2,598,693 2,020,111 2,476,980 2,777,963 2,537,337 2,413,704
ATM - Fire Operating Budget (900,000) (1,000,000) (1,000,000) (1,136,000) (1,170,080) (1,205,182) (1,235,312) (1,266,195) (1,297,850) (1,330,296) (1,363,553)
ATM - Fire CIP - - - - (532,000) (1,093,000) - - (652,300) (652,300) -
ATM - Fire Debt Service (160,740) (258,530) (187,550) (181,650) (86,200) (199,133) ($336,880) ($578,554) ($559,588) (540,622) (426,656)
Total Appropriations (1,060,740) (1,258,530) (1,187,550) (1,317,650) (1,788,280) (2,497,315) (1,572,192) (1,844,749) (2,509,738) (2,523,218) (1,790,209)
Est. Balance, Post ATM (May) 232,890 294,335 576,684 862,702 784,934 101,378 447,919 632,231 268,226 14,119 623,495
FISCAL YEAR VIEW
Balance, July 1 1,496,530 1,776,279 2,013,531 2,451,226 2,861,141 2,903,860 2,342,825 2,818,250 3,138,856 2,918,981 2,817,293
Total Appropriations (1,060,740) (1,258,530) (1,187,550) (1,317,650) (1,788,280) (2,497,315) (1,572,192) (1,844,749) (2,509,738) (2,523,218) (1,790,209)
Balance Net of Appropriations 435,790 517,749 825,981 1,133,576 1,072,861 406,544 770,633 973,501 629,118 395,763 1,027,083
Receipts (net) 1,340,489 1,495,782 1,625,245 1,727,565 1,830,998 1,936,281 2,047,617 2,165,355 2,289,863 2,421,530 2,560,768
10.2% 11.6% 8.7% 6.3% 6.0% 5.75% 5.75% 5.75% 5.75% 5.75% 5.75%
7.73%
Balance, June 30 1,776,279 2,013,531 2,451,226 2,861,141 2,903,860 2,342,825 2,818,250 3,138,856 2,918,981 2,817,293 3,587,851
Ambulance Receipts appropriations must be available funds at the time of appropriation, i.e., at Town Meeting
"Appropriation View" reflects the estimated amount of Ambulance Receipts available at the time of appropriation
"Fiscal Year View" reflects the unadjusted actual and projected performance of the fund in the fiscal year periods
Growth rate in ambulance receipts has been strong over the last 11 years, with a 7.73% compound average growth rate
Projected growth in ambulance receipts is estimated at 5.75% supported by increased billing rates in FY25
ATMDATA - 02-01-26.xlsx Ambulance 2/1/2026
11Source page 14
FIXED COSTS and STATE and COUNTY ASSESSMENTS
FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY27 vs FY26
DEPT DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE % Change
132 RESERVE FUND (for Transfer Out) 0 0 0 0 0 600,000 600,000 0.0%
422 STREET LIGHTS 79,317 77,265 74,999 78,493 85,588 97,000 97,000 0.0%
423 SNOW & ICE 835,317 758,519 510,500 490,500 846,274 650,500 650,500 0.0%
433 TRASH COLLECTION 2,096,983 2,316,063 2,529,282 2,611,484 2,686,332 2,887,506 3,019,852 4.6%
752 SHORT-TERM INT. INSIDE - GMS 0 0 0 0 0 1,221,598 100.0%
INSIDE LEVY 3,164,705 3,054,669 3,169,969 3,356,835 3,441,428 3,678,860 4,135,579 12.4%
OUTSIDE LEVY 2,018,114 1,491,609 1,508,900 1,307,644 933,459 905,959 880,009 -2.9%
TOTAL DEBT SERVICE 5,182,819 4,546,278 4,678,869 4,664,480 4,374,887 4,584,819 6,237,187 36.0%
840 BLUE HILLS REGIONAL 1,476,512 1,472,906 1,570,786 1,770,018 1,753,230 2,164,782 2,273,021 5.0%
841 NORFOLK COUNTY AGGIE 16,000 19,800 38,196 30,184 52,531 50,000 50,000 0.0%
911 RETIREMENT EXPENSES 6,035,583 6,449,186 6,932,851 7,301,239 7,544,775 8,077,115 7,902,556 -2.2%
913 UNEMPLOYMENT 100,000 100,000 100,000 100,000 100,000 100,000 100,000 0.0%
914 HEALTH INSURANCE 12,898,486 12,856,382 12,967,659 13,242,449 13,741,273 14,598,007 15,796,703 8.2%
915 LIFE INSURANCE 59,193 58,387 58,882 59,297 62,250 62,250 62,250 0.0%
TOTAL HEALTH & LIFE INSURANCE 12,957,679 12,914,769 13,026,541 13,301,746 13,803,523 14,660,257 15,858,953 8.2%
946 TOWN INSURANCE 1,218,901 1,262,147 1,333,831 1,473,685 1,533,940 1,728,912 1,728,912 0.0%
993 OPEB TRUST FUND 914,000 1,050,000 1,150,000 1,250,000 1,350,000 1,450,000 1,500,000 3.4%
116 PLYMOUTH RUBBER DIF TRANSFER 50,970 98,497 693,350 548,186 1,082,127 594,053 573,529 -3.5%
TOTAL FIXED COSTS 30,964,081 31,065,430 32,639,205 33,620,015 35,213,207 37,644,944 40,591,510 7.8%
7.1% 0.3% 5.1% 3.0% 2.9% 6.9% 7.8%
820 STATE ASSESSMENTS 1,202,295 1,236,874 1,283,299 1,262,544 1,283,700 1,268,042 1,440,171 13.6%
830 NORFOLK COUNTY TAX 222,558 224,723 230,186 242,144 248,197 272,085 272,085 0.0%
TOTAL STATE & COUNTY 1,424,853 1,461,597 1,513,485 1,504,688 1,531,897 1,540,127 1,712,256 11.2%
Fixed Costs are Estimated to Grow by 7.8%, or $2.95MM in FY27
Fixed Cost Growth is 4.6% After Funding GMS Interest from Other Non-General Fund Sources
Debt Service Increasing $1.65MM w/$1.2MM GMS Interest Funded from Other Non-General Fund Sources
Health Insurance $1.2MM Increase Reflects Growth in Subscribers and 3% & 20% Premium Increases
Retirement DEcreasing $175K; Trash Increasing $132K; Blue Hills Prelim. Est. Reflects $108K or 5% Increase
ATMDATA - 02-01-26.xlsx fixed costs 2/1/2026
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