Canton, Massachusetts · Saved source text
February 05, 2025, Finance Committee Meeting - Virtual Meeting. Minutes
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Canton Finance Committee Minutes Voted on: 3/5/25 801 Washington Street Vote: 7-0-0 Canton, MA 02021 Finance Committee Meeting Minutes February 5, 2025 Virtual Meeting Finance Committee Members Present: Dave Clough, Dan Cole, John Leonetti, Emilio Mauro, Maureen Menconi, Kristin Mirliani, Reuki Schutt and Cindy Thomas. Finance Committee Members absent: There were no members absent Guests Present: George Comeau, Library Trustee Peg Mead, Library Trustee Carolyn Floyd, Director, Assessing Randy Scollins Ill, Finance Director Regen Jamieson, Conservation Agent Joan Schottenfeld, Chair, Library Trustees Ellen Jones, Recording Secretary Mike Trotta, Superintendent, Department of Public Works Arafat Knight, Veterans Agent Diane Tyan, Director, Elder & Human Services Gene Manning, Board of Assessors Call Meeting to Order: Mr. Mauro called the virtual meeting to order at 7:00 p.m. Mr. Mauro introduced the Finance Committee members and the guests that were present at the virtual meeting. New Business: 2025 Town Meeting Warrant Mr. Scollins reported that the Warrant was approved at the Select Board meeting on February 4 and was emailed to the Finance Committee members the morning of February 5, however the Warrant still needed to be reviewed by Town Counsel one final time. Mr. Scollins read through the list of 36 articles of which 10 are Planning/Zoning articles. Discussion — Department of Public Works, Water Enterprise and Sewer Enterprise - FY26 Budget Requests — Mike Trotta Mr. Mauro turned the meeting over to Mr. Trotta. Mr. Trotta stated that the Department of Public Works operating budgets are funded through the General Fund, while the Water and Sewer Departments are funded through the Water Enterprise Fund and the Sewer Enterprise Fund. For the following five departments, Mr. Trotta’s FY26 Department Requests represent a zero increase over the FY26 Base Budget. 400 — Department of Public Works 425 — Street Signs 426 — Gas & Oil 491 - Cemetery and 492 — Tree Department, The following three departments represent a $9.00 increase in total. 410 — Engineering (decrease of $34,867), 420 — Highway Maintenance (decrease of $65,178) and 427 — Highway Equipment Maintenance (increase of $100,054). Mr. Trotta’s Total FY26 Department Budget Request of $3,292,067 for operating salaries and expenses represents an increase of only $9.00 over the FY26 Base Budget of $3,292,058 Discussion — 427 — Highway Equipment Maintenance — FY26 Budget Request — Mr. Trotta is requesting a new position in the Highway Equipment Maintenance Department for a total $73,749. There is a GIS Tech Position that was funded 100% out of Public Works for FY25 that should have been split between Public Works, Water Enterprise Budget and Sewer Enterprise Budget, similar to how the GIS Manager position is funded. FINCOM 20250205 Minutes FINAL WRS CT.docx Page 1 of 8 2/81/25
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Discussion — 420 — Highway Maintenance — Mr. Trotta is able to fund the new position in 427-Highway Equipment Maintenance through a reduction of approximately $22,000 and $44,000 in the Highway Maintenance Laborers Salary budget line item. The other item that allowed Mr. Trotta to ask for a new position was that there was a Special Heavy Equipment Operator salary that was erroneously placed in Public Works and it should have been funded through the Water Enterprise Fund. Mr. Trotta stated that he was able to make up the $73,749 by transferring the GIS Tech position salary and by placing the Special Heavy Equipment Backhoe/Loader Operator into the Water Enterprise Fund where it should be. Discussion — Sewer Enterprise Operating Budget — FY26 Budget Request — Mr. Trotta stated that the only increase in the Sewer Enterprise operating budget is the addition of $22,000 for the GIS Tech position. Mr. Scollins reported that due to amortizations in the debt service budget for Sewer is decreasing by $77,000. With regard to the Massachusetts Water Resource Authority (MWRA) Assessment, Mr. Scollins stated that the MWRA Assessment is not usually finalized until the end of the fiscal year. Based on present assumptions the MWRA Assessment is estimated to increase by $103,840 for FY26. This estimate may change between now and April based on new data. Salaries and wages for the Sewer Enterprise budget will be decreasing by $8,567 because the Sewer Enterprise Budget is lower in other areas due to retirements and new employees hired at lower rates. The number of positions has not been reduced. Discussion — Water Enterprise Operating Budget — FY26 Budget Request — Mr. Trotta reported that the only change in the Water Enterprise Budget is $91,250 which is related to the GIS Tech Position and the Special Heavy Equipment Operator. With regard to the Water Enterprise debt service budget, Mr. Scollins stated that the $110,248 decrease is due to amortization of existing bonds. The Water Enterprise budget also includes the issue of two new bonds assuming the estimated principal and interest costs do not change. The MWRA assessment for the Water Enterprise budget is relatively flat and is estimated at a zero increase for FY26. Salaries and wages for FY26 is estimated to decrease by approximately $8,567. Mr. Clough inquired if the Water and Sewer Enterprise budget numbers were included in the Revenue Forecast for FY26 or if the estimates were done separately. Mr. Scollins replied that the manner in which the Water and Sewer budgets have to be put forward is that the revenue budgets have to balance with the appropriations that are put forward. As an example Mr. Scollins explained that if the Town did not have a revenue forecast that would meet the appropriations level, then a General Fund Subsidy would be required. He further stated that expenses have been estimated well within the range expected for this year. If there were higher amounts of revenue expected in the Enterprise Funds the Town would not budget for those higher amounts because of how the tax recap process works. It would result in the funds being returned to the General Fund. The common practice across the state with regard to any Enterprise Funds is to balance the revenue estimate for the Enterprise funds to match the appropriations. Mr. Scollins is comfortable with the Enterprise revenue estimates for FY26 as the Water Enterprise revenue estimate for FY26 is $120,220 less than budgeted for FY25 and similar to the Sewer Enterprise revenue estimate for FY26 which is relatively flat. Mr. Clough inquired if the Town has special tax agreements with businesses to lower their water rates. Mr. Scollins explained that Blue Hills Ski asked last year for a special water rate for producing snow because they were concerned about the water supply from Milton. Mr. Scollins stated that the Town of Canton did not enter into any agreement with Blue Hills Ski and cannot enter into any special water agreements with any businesses because this would not be fair to other Canton rate payors. lement the Commonwealth’s Chapter 90 Program — Mike Trotta Discussion — Article 12 — Appropriation to Su, Mr. Trotta explained that Chapter 90 is funded by the gasoline tax from the state. The formula includes the amount of roads in a Town, population in a Town and the number of people employed during the day. The state uses this formula to disburse these funds to the cities and towns. He further explained that the funding provided to Canton has been relatively flat since 2014 at $770,000 per year. In 2014 asphalt cost $67.50 per ton. The Town could pave approximately 41% miles of roadways. In 2024 the Town received $775,000 from Ch. 90 with asphalt costing $105.00 per ton. Ch. 90 was basically level funded while the cost of asphalt nearly doubled. The goal under the Town’s road management program in place is to spend approximately $1.3 million per year based on attempting to pave 6% miles of roads. Asphalt is expected to last 15 years before it needs repaving. With the Town being funded with only Ch. 90 funds the Town is falling behind. Per Mr. Scollins the Town supplemented Ch. 90 funding with $1 million last year (completed paving Washington Street and some work on Dedham Street ) and $774,000 the prior year. The Town will be asking voters at the 2025 Town Meeting to subsidize the Ch. 90 funds with a transfer amount from Free Cash (an amount of approximately 50% of Ch. 90 funds or an amount to be determined as there are many requests for the use of Free Cash). Mr. Trotta does not believe the Federal Government's tariffs will affect the price of the oil that is being used for roads (as this oil may not be subject to any tariffs). Former President Biden's infrastructure bill/federal funds are used for state’s roadway repair costs and is used for larger projects such as adding a lane to Rt. 95, bridge work or updating the interchange at Rt. 128 and Rt. 95. FINCOM 20250205 Minutes FINAL WRS CT.docx Page 2 of 8 2/8/25
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Mr. Scollins reported that his understanding is the Governor’s Municipal Empowerment bill to increase by 50% the Ch. 90 allocations across the state is not tied to federal funding but may be tied to the so-called millionaire’s tax because Ch. 90 is considered transportation. Discussion — 171 — Conservation Commission — FY26 Budget Request — Regen Jamieson Ms. Jamieson, Conservation Agent, is requesting an FY26 budget request increase of $84,766 as follows: Assistant Conservation Agent — 40 hours $77,916 (This is the second year for this request). Annual Town Pond Maintenance Consultant Increase $7,500 (from $2,000 to $9,500). Longevity decrease (650). At the time of the meeting Ms. Jamieson misspoke that she was requesting $5,500 for pond maintenance consultant services. After consultation with Mr. Scollins regarding the budget the increase being requested is $7,500. With all of the waterways connected in Town, the Conservation Commission is challenged to keep up with invasive species for the ponds they are responsible for in addition to the ponds the Commission took over responsibility for from the Select Board. Ms. Jamieson is unaware of state funding available to help with the control of invasive species. She stated that some communities have utilized Community Preservation funds to help with pond clean up but that she has not looked into that option yet. Last year the Commission was able to obtain $7,500 through an ATM warrant Article. Ms. Mirliani, the Finance Committee Liaison to the Canton Community Preservation Committee (CCPC), would follow up with the CCPC to see if Community Preservaction Act (CPA) funds could be utilized for pond maintenance. The Conservation Commission also has a Conservation Land Fund that could be used to help with treating the ponds. Mr. Clough, the Finance Committee liaison to the Conservation Commission, inquired if there were state funds that could be accessed to help with the Eurasian Watermilfoil weeds at the Ponkapoag Pond. Ms. Jamieson stated the Pond is managed by the Department of Conservation and Recreation (DCR). The Canton Conservation Commission in the past has reviewed and approved permits filed by the DCR to clean up Ponkapoag Pond, but the Town does not have jurisdiction to work on clean-up efforts at the Pond. Ms. Jamieson stated the Town could submit a letter to DCR to see if DCR could treat the Pond which would help keep the waterways downstream in the Canton area clean. In response to Mr. Clough’s inquiry regarding volunteer opportunities for pond clean-up, Ms. Jamieson responded that some species such as Watermilfoil at Glen Echo has to be treated with a very selective herbicide by a specialist who has all the permits, licenses and equipment to properly treat the milfoil. The invasiveness of milfoil is often caused by smaller pieces of the plant breaking off during the hand pulling or mechanical pulling process. These smaller pieces create additional plants in the process. Discussion — 541 — Elder and Human Services — FY26 Budget Request — Diane Tynan Ms. Tynan, Director of Elder and Human Services, is requesting increases for FY26 for the following areas: Social Worker’s hours from 35 hrs. to 40 hrs. per week $23,000 increase. Custodial Maintenance and Supplies 2,000 increase. Communications Other $1,600 increase. Programs/Social Program $1,500 increase. The Department currently has two Social Workers. One works 35 hours per week and the second Social Worker works 40 hours per week. 15.5 hours of the Social Worker hours of the 35-hour per week position come from a grant through the Executive Office of Aging and Independence. With the adjustment from 35 to 40 hours, Ms. Tynan would reduce their reliance on the grant to 6 hours, shifting the remaining 14.5 hours per week to be funded by the Town. The transition of the name of the Department from Council on Aging to the Department of Elder and Human Services is a result of the change in the balance of social services that the department is now offering to residents of all ages. The name change is so that residents will understand what services are being provided by the department. Centralized Maintenance cares for emergencies, utilities and the HVAC system for the Senior Center. Mr. Scollins stated that when maintenance was centralized throughout the Town, custodial services were not part of the process, however, in the future it could be made part of Centralized Maintenance. Ms. Thomas concurred with Ms. Tynan that the need for social services in this town continues to grow. Discussion — Article 23 — Accept Statute MGL Ch. 59, Section 5, Clause 221 — Heroes Act - Gene Manning Mr. Manning gave an overview of Article 23. The Massachusetts State Legislature and the State Senate passed the Heroes Act which was signed by the Governor in August. This statute will provide enhanced services to all state residents who served in the military. There are several benefits that are administered by the Massachusetts Office of Veterans Affairs and administered locally by Mr. Knight the Veteran’s Agent. This act is a local act that modifies local abatements to residents who have served in the military to apply for additional benefits for a $400 abatement on their primary property. There are various levels of abatements if the veteran has a disability who has received various FINCOM 20250205 Minutes FINAL WRS CT.docx Page 3 of 8 2/8/25
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honors and awards. These abatements are applied for each year and are reviewed by the Assessing staff and the Board of Assessors. This abatement is for homeowners who receive and pay for a residential property tax bill. Of the $73,200 abated annually by the Board of Assessors, 78 vets receive a $400 abatement totaling $31,200 and 42 vets receive a $1,000 abatement totally $42,000. The statute would allow an annual increase based on the Consumer Price ndex provided by the U.S. Department of Labor and communicated to the Veterans Office and then to the Board of Assessors. If supported by the Finance Committee and approved at Annual Town Meeting the Board of Assessors would allow an additional increase based on the CPI to increase the abatement amount by approximately $2,100 per year or in a 5-year period an additional $10,500. n response to Mr. Clough’s question if these funds would come from the Assessors Overlay or be reimbursable from he state, Mr. Manning confirmed that the funds for the abatements would come from the Assessors Overlay Fund with he requirement that the applicant must be the primary homeowner veteran or the surviving spouse. Discussion — 543 — Veterans — FY26 Budget Request — Arafat Knight For FY26 the Veterans’ Agent is requesting to increase the hours for his Assistant from 20 hours per week to 30 hours per week for a total budget increase of $15,974 for an annual salary of approximately $48,000. An increase in the processing of veterans applications, social media, Facebook, Hometown Hero Banners and meetings with families has increased the need for additional hours for his assistant. The Assistant is also helping a Canton resident who is the daughter of a veteran who lives in Florida. The veteran has been having difficulty obtaining services through the Florida Veterans Office. The Assistant is helping him through the process. Discussion — 610 — Library — FY26 Budget Request — Joan Schottenfeld and Peg Mead Ms. Schottenfeld and Ms. Mead presented the Library budget on behalf of Andrea Capone, the Library Director, who is out on leave. For FY26 the Library is requesting the following increases to their budget: New Position — Assistant Library Director $85,000 Page Hours — increase budget from $34,913 to $50,000 $15,100 Digital Information — increase from $50,000 to $63,000 $13,000 EBooks — increase from $63,000 to $75,000 $12,000 Books & Periodicals — increase from $120,000 to $123,700 $3,700 Night Differential — increase from $7,200 to $8,900 $1,700 Network Fee - increase from $39,365 to $40,949 $1,600 Ms. Schottenfeld reported that the Library is one of the only municipal departments without an Assistant Director. Ms. Capone oversees 23 direct reports. The Town is reaching a population of approximately 25,000. If the Town is to continue receiving state aid the Library will have to increase the hours that it is open, possibly on Sundays. In response to Mr. Mauro’s question regarding the Town reaching the 25,000 population threshold, Ms. Meade stated that the census population used by the Massachusetts Library Board of Commissioners is the tax census. Currently, Canton has a census population of 24,527. Once Canton reaches the 25,000 population the Library must increase their hours by four hours which can be added to existing days or to be open on a Sunday. Ms. Meade reported that user surveys conducted by the Library has indicated residents are looking for the Library to offer hours on Sundays. The Library is in negotiations with the union to see if the Library will be able to have union workers work on Sundays. The Library has a one-year grace period for the increase in hours to take effect. If the Library does not comply it would lose accreditation, lose their membership to the Old Colony Library Network and lose state aid ($50,000 last year). Mr. Comeau, a Commissioner on the Massachusetts Library Board of Commissioners, will follow-up Mr. Mauro’s question if the Town will receive additional state aid for having reached the 25,000 population bracket. Former Library employee, Lisa Quinn, has stepped in while Ms. Capone is out on leave. Ms. Mirliani, the Finance Committee Liaison to the Library, thanked Ms. Mead and Ms. Schottenfeld for taking the time to meet with her the prior week. Ms. Mead thanked Mr. Scollins for spending two hours with her and Ms. Schottenfeld to go over the Library’s finances. Mr. Mauro thanked Ms. Mirliani for working with the Library on their budget. Discussion — 140 — Assessors — FY26 Budget Request — Carolyn Floyd With regard to the Veterans program, Ms. Floyd stated that she was not certain that all of the benefits come out of the Assessor's Overlay, only the applicants that are abated after the fact, after the tax bills are sent out. The Town does receive some reimbursement from the state. Mr. Scollins stated that the Veterans payments that Mr. Knight manages through the Veterans budget are reimbursed at a 75% rate, which are indicated on the Cherry Sheets. The exemptions related to veterans and others that receive exemptions through the Board of Assessors are also subsidized and indicated on the Cherry Sheet. Mr. Scollins believes the veterans payments to the Town on the Cherry Sheet are up by approximately $40,000. The Town provide the funds and receives a portion back the next year. For the FY26 Assessors budget Ms. Floyd is requesting an increase of $140,000 from $110,000 to $250,000 for Appraisal Services/recertification of the Town properties. Because of COVID the Town was unable to recertify property FINCOM 20250205 Minutes FINAL WRS CT.docx Page 4 of 8 218/125
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appraisals in 2021. The Department of Revenue was also unable to visit Canton in 2021 to review the Assessing records and to visit locations from property cards pulled as they normally do in the recertification process. The reason for the significant increase to the budget is because under the cyclical counting the Town needs to visit at least 80% of the Town which would be approximately 7,900 properties. Included in the recertification will be a review of business and personal property records. Discussion — Voted Revenue Forecast for FY26 — Randy Scollins Mr. Scollins reported that the Revenue Forecasting Committee met on February 4 to recommend estimated total General Fund revenues of $129,543, 187 for FY26. This represents a 4.7% increase over the revenue budget for FY25. FY25 is a 4.6% increase over FY24. Actual total revenues for FY21 (6.7%), FY22 (7.5%), FY23 (7.5%) and FY24 (10%) all had higher growth rates than actual FY20 (4.2%) and estimated FY26 (4.7%). General Fund Revenues are comprised of four major category sources: Property Tax Revenue, State Aid, Local Receipts and Transfers from Other Funds plus a fifth category of Tax Title/Foreclosure Revenue. Property Tax Revenue Property Tax Revenue is “formulaic” in that the levy limit is set statutorily: the prior year's levy limit plus 272%. $2,496,345 is added to the prior year levy limit of $99,853,788. Added to the $99,853,788 is $850,00 of new growth ($500,000 for Real Estate New Growth and $350,000 for Personal Property New Growth). New Growth estimates were provided by Carolyn Floyd (Assessing Director) and Ed Walsh (Building Commissioner). New Growth estimates is lower than in prior years because new construction has not been as active this year with no new major developments as well as lower activity on the commercial side. The new levy limit for FY26 is estimated at $103,200,133. The levy limit is reduced for FY26 $1,800,814 by the PILOT (Payment In Lieu of Taxes) payment received from Tufts aka Point32Health (this is not discounted). The PILOT payment grows by 3% per year. Point32 Health is a tax-exempt entity and are not subject to property taxes When the property was purchased in 2021 the property was no longer subject to property tax. The property was the highest assessed value in the community which came off of the tax rolls. Point32Heath negotiated with leadership in the Town for a PILOT similar to what the Town would have received in taxes. Now it is not a tax but is collected in local receipts. Mr. Scollins explained the reason that the Point32Health Pilot is backed off the levy or he referred it to as the “underbelly of Prop. 2/12”. Because the property came off of the tax rolls it does not affect the levy limit. The levy limit stays at its estimated amount. If it were to be included in the levy limit all of the taxpayers would assume this amount. A policy decision was made by the Town’s leadership to levy the amount associated with the PILOT when the Town had a major debt exclusion project whereby the taxes would have to be raised (through a taxpayer vote) to pay for a major project beyond what the Town could afford with the levy limit. The Galvin Middle School (GMS) was supported by the voters as a debt exclusion. Using the Point32Health PILOT funds of $1,800,814 the Town will start to levy to the limit in FY28 to begin to pay the debt service payments and carrying costs for the GMS project. This will continue through the permanent termination of the GMS 30-year bond. This financing plan had been presented to various committees including the Finance Committee and widely discussed at meetings. The estimated property taxes for FY26, decreased by the PILOT, less abatements and exemptions are then netted down to an estimated Net Property Tax Revenue for FY26 of $102,485,165. Property Taxes from Debt Exclusions — Net of Reimbursements The Net Excluded Debt Service is decreasing $885,846 for FY26 due to the amortization of existing bond issues. The Library was paid off 2 years ago, the High School was paid off a year ago and by FY28 the Gross Excluded Debt is scheduled to be $1.2 million less than it was in FY18 which will free up debt capacity for the GMS. This was also part of the financing plan for the GMS to include this impact on the excluded debt tax estimates. As time goes on the excluded debt tax will go down which will help for the increase that will be coming from the borrowing for the GMS. State Aid The FY26 estimate column represents the Governor's proposed budget announced on January 23. The FY26 proposed amount for Canton is a 3.6% increase which is 4% more than FY25’s increase. Education Aid is up $264,000 or 2.9%; and General Government Aid is up $165,000 or 5.7%. With regard to Chapter 70 Aid the FY25 budget of $9,007,450 was not based on the same number per student that the Governor used when she presented her budget last year at this time, but was instead a much lower number by about $225,000. The Governor had included a minimum aid per student of $30.00. As the legislative process went on negotiations resulted in $104 per student as minimum aid, causing additional aid of approximately $225,000 during the month of July when the state budget had finally been settled. In November the Town voted to appropriate the additional state aid funds to the School Department because it would have gone to the School Department during the revenue split formula process. For FY26 the Governor's budget assumes a $75.00 minimum aid per student but is still subject FINCOM 20250205 Minutes FINAL WRS CT.docx Page 5 of 8 2/8/25
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to negotiations. This could result in additional funds received by the Town after the start of FY26 in July, which could be appropriated at a Special Town Meeting in November. Local Receipts The estimate for Gross Local Receipts (unadjusted) for FY26 is $12,779,047 or a $615.7 thousand or 5.1% increase. The Revenue Forecasting Committee went with a “reasonably expected” local receipts number that is not aggressive or conservative but as close to the $12,779,047 estimate as possible. The gross number is then reduced by $1.5 million to be conservative in order to “recharge” free cash. It is a policy of the Revenue Forecasting Committee that the Town live within the Town’s means and to not spend every dollar that comes in. The recharge of Free Cash helps the Town maintain its strong financial position and maintain its 15% reserve level. Any amount above 15% the policymakers put these additional funds forward for appropriation at Annual Town Meeting, such as supplementing Ch. 90 funds for the roads repair program. Transfers from Other Funds Transfers to the General Fund are recommended to increase by $430,000 for operating budgets. There are new entries in the Transfers from Other Funds: a $200,000 increase from the Health Insurance Trust and $100,000 from the Dental Insurance Trust. This will help defray the costs in the health insurance and dental insurance budgets that the Town will incur due to increasing the premiums for these insurances. The intent is to phase these out in the next few years. A $148,000 increase from Ambulance Receipts to the Fire Department Budget. A modest increase of $22,000 from Solar Revenues due to the net credits the Town is receiving from the Solar Farm, the rates are stabilizing. The Town has a healthy payment agreement with Captona for the solar farm. For FY26 a $26,000 decrease in Enterprise Fund chargebacks because the Town is statutorily required to charge back health and benefit insurances and overhead expenses from the general administration that support the Enterprise Fund operations. Ambulance (EMS) Receipts Reserved Fund Mr. Scollins explained that the Ambulance (EMS) Receipts Reserved Fund exhibit is a subset of the Transfers From Other Funds exhibit. The exhibit explains how the reserves grow, how they are forecasted and how they are used to fund items on a recurring basis. The Appropriation View details the receipts that are collected through ambulance fees and the balances at the time of appropriation. The FY26 estimated total of $2,497,382 ambulance receipts collected will be allocated as follows: Fire Operating Budget - $1,205,182; two Fire Capital Items - $1,093,000 and Fire Debt Service - $199,200. Ambulance Receipts must be available funds at the time of appropriation (Town Meeting). The Fiscal Year View shows the unadjusted actual and projected performance of the fund by fiscal year periods. Projected growth in Ambulance Receipts is estimated at 3% to 5% due to increased billing rates in FY25. This year there was an increase to the rates for private payors (those covered by insurance not those covered by Medicare). The Town increased the rates it was charging for collecting ambulance services from the Medicare reimbursement rate plus 30% to Medicare plus 150%. The Town would not want to charge more than Medicare plus 200% because state lobbyists would lobby against it. In response to Mr. Clough’s inquiry about uncollectable receipts, Mr. Scollins replied that there would always be uncollectable receipts as a result of Medicare not paying what the Town is billing (paying at a discounted rate). The Town is allowed to bill at the rates that they are currently billing at, however, Medicare may not pay at that rate, leaving an uncollectable balance. The Receipts (net) line in the Fiscal Year View is cash on hand, not receivables. There is a process and guidelines that the collection agency, the Select Board and the Fire Chief follow to write off ambulance receipts. Vote — FY26 Revenues Mr. Scollins stated that the intent of presenting the FY26 Revenues and what the Revenue Forecasting Committee voted on February 4 (Finance Committee Chair and Vice Chair are voting members on this Committee) their recommendation of $129,543,187 for the FY26 revenue estimates is to have the Finance Committee vote to support the revenue recommendation for General Fund Budgeting purposes. A motion made by Ms. Schutt to approve Total Revenues of $129,543,187 for FY26 as voted by the Revenue Forecasting Committee on February 4, 2025 was seconded by Ms. Menconi. Roll Call Vote: Cindy Thomas Aye Dan Cole Aye Reuki Schutt Aye Dave Clough Aye Maureen Menconi Aye Kristin Mirliani Aye John Leonetti Aye EmilioMauro Aye Vote: 8-0-0. The FY26 Total Revenues estimate of $129,543,187 was approved by the Finance Committee. FINCOM 20250205 Minutes FINAL WRS CT.docx Page 6 of 8 2/81/25
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Approval of Minutes A motion made by Ms. Schutt to approve the January 29, 2025 meeting minutes as written was seconded by Ms. Thomas. Roll Call Vote: Cindy Thomas Aye Dan Cole Aye Reuki Schutt Aye Dave Clough Abstained Maureen Menconi Aye Kristin Mirliani Aye John Leonetti Aye EmilioMauro Aye Vote: 7-0-1. The January 29, 2025 minutes were approved as written. Next Meeting Date The next Finance Committee virtual meeting will be on Wednesday, February 12, 2025. Mr. Mauro asked if there was any objection to the virtual meeting. There was no objection. The Finance Committee Recording Secretary will confirm the guests for the next meeting on February 12. Adjournment A motion made by Mr. Cole to adjourn the meeting at approximately 9:48 p.m. was seconded by Ms. Schutt. Roll Call Vote: Emilio Mauro Aye Cindy Thomas Aye Reuki Schutt Aye Maureen Menconi Aye Kristin Mirliani Aye John Leonetti Aye Da Cole Aye Dave Clough Aye Vote: 8-0-0. Minutes reviewed by: Cindy Thomas Respecifully submitted, Embz € : Weaune. Emilio E. Mauro, Jr. Chair, Canton Finance Committee FINCOM 20250205 Minutes FINAL WRS CT.docx Page 7 of 8 2/81/25
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Finance Committee Meeting Documents February 5, 2025 Please note: Some meeting documents may be found on the Town’s website under the Posted Minutes section (Laser Fiche). Budget documents may also be found on the Town’s website under the Finance Committee’s page, Municipal Budget and Capital Information, Operating Budget Requests, “FY26 Municipal Budget — Dept. Requests — Jan 2025. https://town.canton.ma.us/DocumentCenter/View/11743/FY 26-Municipal-Budget---Dept-Requests---Jan-2025 Agenda — February 5, 2025. FY26 Budget Request information for the following Departments: Public Works Department 400 — Public Works Department (2 pages). 410 — Engineering Department (3 pages). 420 — Highway Maintenance (2 pages). 425 — Street Signs & Traffic (1 page). 425 — Gas & Oil Fund (1 page). 427 — Highway Equipment Maintenance (2 pages). 491 — Cemetery Maintenance (2 pages). 492 — Tree Department (2 pages). 171 — Conservation Commission (2 pages). Letter to the Select Board from Kevin Colmey, Chair, Conservation Commission dated January 30, 2025 regarding FY26 Operations Budget Requests (1 page). 541 — Elder & Human Services (2 pages). Email from Diane Tynan to Ellen Jones, dated February 10, 2022 (2 pages). 543 — Veterans Services Department (1 page). Article 23 — Accept Statute MGL Ch. 59, Section 5, Clause 221 — Heroes Act 610 — Library (2 pages). Operating Budget Requests — provided by Joan Schottenfeld, Library Trustee Chair and Peg Meade, Library Trustee (1 page). 141 - Assessors (2 pages). Revenue Estimate for FY26 General Fund Operating Budgets, Prepared for: The Revenue Forecasting Committee, For Discussion Purposes, prepared by Randy Scollins, Finance Director, dated February 4, 2025 (12 pages). FINCOM 20250205 Minutes FINAL WRS CT.docx Page 8 of 8 2/8/25
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FY 26 MUNICIPAL OPERATING BUDGETS SUMMARY - 1/10/2025
Change
from FY 25
Voted Change
Budget FY 26 from FY 26 Requested
FY 24 Voted FY 25 Voted (Contract FY 26 Base Department Base Explanation for FY 26
DEPT # DEPARTMENT NAME Budget Budget Costs) Budget Request Budget Departments' Changes Budget
Ass't Town Administrator
($4.2K); Longevity
($1.75K); Printing &
Binding ($300);
Communications
129 EXECUTIVE OFFICE 551,521 574,503 24,957 599,460 629,329 29,869 629,329
Specialist ($20.4K); Office
Supplies ($250); In-State
Travel ($1.3K); Dues
($200); ($1.5K Vehicle
Maint.)
151 TOWN COUNSEL 293,040 301,040 - 301,040 301,040 - 301,040
154 HUMAN RESOURCES 225,655 239,190 11,297 250,487 253,487 3,000 SW Maint. Increase ($3K) 253,487
179 PLANNING DEPARTMENT 115,305 121,157 5,726 126,883 126,883 - 126,883
195 TOWN REPORTS 3,150 3,150 - 3,150 3,500 350 Increase ($350) 3,500
244 WEIGHTS AND MEASURES 7,500 7,500 - 7,500 7,500 - 7,500
Good Attendance ($24K);
Retirement Buyback
910 EMPLOYEE CONTRACT BENEFIT 303,961 876,075 - 876,075 654,645 (221,430) 654,645
($20K); Est'd Contractual
Obligations (-$265.4K)
TOTAL EXECUTIVE AREA 1,500,132 2,122,615 41,980 2,164,595 1,976,384 (188,211) 1,976,384
133 FINANCE DIRECTOR 246,074 251,850 9,241 261,091 261,091 - 261,091
135 ACCOUNTING 327,589 319,804 (3,805) 315,999 315,999 - 315,999
Ast. Treasurer Collector 5
145 TREASURER/COLLECTOR 244,190 251,654 7,417 259,071 271,645 12,574 hour increase 35-->40 271,645
($12.6K)
SW Lic. ($5.5K); Software
155 INFORMATION SYSTEMS 685,602 712,497 21,493 733,990 757,794 23,804 Maint. ($19.6K); Misc. 757,794
Expenses (-$1.2K)
TOTAL FINANCE DEPARTMENT 1,503,455 1,535,805 34,346 1,570,151 1,606,529 36,378 1,606,529
Longevity ($1.75K);
161 TOWN CLERK 238,908 277,115 3,877 280,992 283,242 2,250 283,242
Printing & Binding ($500)
Police Detail Salaries
Redux (-$3K); Election
163 ELECTIONS 76,310 94,848 - 94,848 84,897 (9,951) 84,897
Worker Salaries Redux (-
$6.95K)
TOTAL TOWN CLERK 315,218 371,963 3,877 375,840 368,139 (7,701) 368,139
4 New Patrol Positions
($252.2K); Training OT
Increase ($200K); Shift
OT Increase ($141K);
Replacement OT Increase
210 POLICE DEPARTMENT 5,979,531 6,151,931 (97,215) 6,054,716 6,879,833 825,117 ($90K); New Traffic 6,879,833
Sergeant ($90.8K);
Regular OT Increase
($24K); Paid Holidays
($20K); Equip for
Personnel ($7.2K)
ATMDATA - 1-10-25.xlsx Page 1 of 4 1/10/2025Source page 10
FY 26 MUNICIPAL OPERATING BUDGETS SUMMARY - 1/10/2025
Change
from FY 25
Voted Change
Budget FY 26 from FY 26 Requested
FY 24 Voted FY 25 Voted (Contract FY 26 Base Department Base Explanation for FY 26
DEPT # DEPARTMENT NAME Budget Budget Costs) Budget Request Budget Departments' Changes Budget
Increase Ast. To Dept.
292 ANIMAL CONTROL 139,514 141,052 5,257 146,309 158,809 12,500 Head ($15K); Misc. 158,809
Expenses Redux (-$2.5K)
TOTAL POLICE & ANIMAL CONTROL 6,119,045 6,292,983 (91,958) 6,201,025 7,038,642 837,617 7,038,642
EMS Coordinatot Stipend
($26.3K); Military Leave
($22K); Educational
Incentive ($1.1K); FF
Development ($3K); Bldg
220 FIRE DEPARTMENT 7,050,130 6,972,468 272,248 7,244,716 7,326,159 81,443 7,326,159
Lease Increase ($18.5K);
R&M Vehicles ($8K);
Laundry ($500); Tires
($1K); Fitness Equip
Maint ($1K)
215 DISPATCH SERVICES 282,046 290,570 - 290,570 299,287 8,717 Contractual Increase 299,287
221 FIRE ALARM 26,900 26,900 300 27,200 27,200 - 27,200
OT Increase ($6.4K); EMS
Equip Maint. ($5.5K);
Supplies ($6K); EMT
231 AMBULANCE 486,636 502,276 8,000 510,276 546,891 36,615 Training Exp. ($7K); 546,891
Equipment ($19.7K); Blue
Card Training - Was 1
Time Exp. (-$8K)
291 EMERGENCY MANAGEMENT 28,650 28,650 2,000 30,650 30,650 - 30,650
TOTAL FIRE DEPARTMENT 7,874,362 7,820,864 282,548 8,103,412 8,230,187 126,775 8,230,187
176 ZONING BOARD 11,909 11,909 - 11,909 11,909 - 11,909
New 25 hr PT-Bldg
241 BUILDING DEPT 427,564 432,404 13,418 445,822 495,033 49,211 Inspector ($48.7K); 495,033
Related Training ($500)
TOTAL BUILDING & ZONING 439,473 444,313 13,418 457,731 506,942 49,211 506,942
New Maintenance
Position ($61.5K);
Electricity ($33K); Vehicle
Maint ($3K); Generator
Maint ($8K); Maint
192 PUBLIC BUILDINGS 1,446,092 1,505,740 24,661 1,530,401 1,666,050 135,649 1,666,050
Supplies ($15K);
Telephone ($5K);
Uniforms ($1.3K); Gas &
Oil ($6K); Diesel ($2K);
Shoes ($800)
Building Maint ($10K);
632 PEQUITSIDE FARM 30,000 30,000 - 30,000 42,000 12,000 42,000
Rental Equip. ($2K)
TOTAL CENTRAL MAINTENANCE 1,476,092 1,535,740 24,661 1,560,401 1,708,050 147,649 1,708,050
400 DPW ADM 437,808 458,189 30,620 488,809 488,809 - 488,809
GIS Tech Split Out to
Enterprises (-$43.5K);
410 ENGINEERING 305,981 323,357 139,259 462,616 427,749 (34,867) 427,749
NearMap SW License
($8.6K)
ATMDATA - 1-10-25.xlsx Page 2 of 4 1/10/2025Source page 11
FY 26 MUNICIPAL OPERATING BUDGETS SUMMARY - 1/10/2025
Change
from FY 25
Voted Change
Budget FY 26 from FY 26 Requested
FY 24 Voted FY 25 Voted (Contract FY 26 Base Department Base Explanation for FY 26
DEPT # DEPARTMENT NAME Budget Budget Costs) Budget Request Budget Departments' Changes Budget
Position Change Savings
420 HIGHWAY MAINTENANCE 1,202,652 1,293,297 93,121 1,386,418 1,321,240 (65,178) 1,321,240
(-$65.2K)
425 STREET SIGNS 62,100 62,100 - 62,100 62,100 - 62,100
426 GAS & OIL 61,190 65,190 - 65,190 65,190 - 65,190
New Service Tech
Position ($73.7K);
427 HIGHWAY EQUIPMENT MAINT 425,752 438,937 (4,159) 434,778 534,832 100,054 534,832
Equipment Repairs &
Maint. ($26.3K)
491 CEMETERY 193,287 210,057 (5,401) 204,656 204,656 - 204,656
492 TREE DEPARTMENT 172,115 187,491 - 187,491 187,491 - 187,491
TOTAL PUBLIC WORKS 4,336,977 3,038,618 253,440 3,292,058 3,292,067 9 3,292,067
542 YOUTH SERVICES 5,000 5,500 - 5,500 5,500 - 5,500
Playground Supervisor
Moved from Recreation
Revoling to this Budget
($56.8K); Lifeguards
Increased Hours &
630 RECREATION 999,130 1,064,308 2,970 1,067,278 1,150,720 83,442 1,150,720
Certifications ($15K);
Overtime ($3K); Cell
Phone Stipends ($3.6K);
SW Maint. ($3K); Chalk &
Fertilizer ($2K)
650 PARKS 76,000 76,000 - 76,000 76,000 - 76,000
TOTAL RECREATION DEPT 1,080,130 1,145,808 2,970 1,148,778 1,232,220 83,442 1,232,220
131 FINANCE COMMITTEE 12,500 12,500 - 12,500 12,500 - 12,500
182 CAPITAL PLANNING COMMITTEE 2,556 2,726 - 2,726 2,726 - 2,726
184 BLDG RENOVATIONS COMM 3,200 3,200 - 3,200 3,200 - 3,200
NEW Position for
Accounting,
Programming & Social
Media ($20K); Increase to
Admin Support ($5.3K);
544 PAUL REVERE HERITAGE TRUST 66,200 88,783 - 88,783 139,468 50,685 139,468
Custodial ($885);
Accounting SW &
Supplies ($9.5K); Prof.
Financial Services ($9K);
Insurance ($6K)
545 SUBSTANCE ABUSE COMMITTEE 10,000 10,000 - 10,000 10,000 - 10,000
546 WALK, BIKE & HIKE COMMITTEE 2,000 2,000 - 2,000 2,000 - 2,000
547 DISABILITY COMMISSION 400 400 - 400 400 - 400
691 HISTORICAL COMMISSION 3,669 3,669 - 3,669 3,669 - 3,669
692 BEAUTIFICATION COMMITTEE 692 692 - 692 692 - 692
NEW Sustainability Mgr
($29.51K) Town's share of
177 SUSTAINABILITY COMMITTEE 3,000 3,000 - 3,000 29,510 26,510 29,510
costs in support of 167K
grant.
548 DIVERSITY EQUITY & INCLUSION COMMITTEE 6,500 6,500 - 6,500 6,500 - 6,500
TOTAL COMMITTEES & COMMISSIONS 110,717 133,470 - 133,470 210,665 77,195 210,665
ATMDATA - 1-10-25.xlsx Page 3 of 4 1/10/2025Source page 12
FY 26 MUNICIPAL OPERATING BUDGETS SUMMARY - 1/10/2025
Change
from FY 25
Voted Change
Budget FY 26 from FY 26 Requested
FY 24 Voted FY 25 Voted (Contract FY 26 Base Department Base Explanation for FY 26
DEPT # DEPARTMENT NAME Budget Budget Costs) Budget Request Budget Departments' Changes Budget
Appraisal Services
increase for Reval Year
141 ASSESSORS 405,140 415,666 291 415,957 560,407 144,450 ($140K); CAMA System 560,407
SW Maint increase
($4.45K)
Ass't Conservation Agent
($77.9); Town Pond Maint
171 CONSERVATION COMMISSION 174,119 175,368 9,302 184,670 269,436 84,766 269,436
($7.5K) Longevity Redux (-
$650)
175 PLANNING BOARD 80,342 83,413 713 84,126 84,126 - 84,126
510 HEALTH DEPARTMENT 439,050 449,115 27,604 476,719 476,719 - 476,719
Increased Social Worker
Hrs ($23K); Bldg R&M
541 ELDER & HUMAN SERVICES (COA) 474,657 495,956 (13,187) 482,769 510,888 28,119 ($2K); Communications 510,888
($1.6K); Programs Exp.
($1.5K)
20-->32 Hrs for Ass't to
543 VETERANS 334,890 287,358 18,440 305,798 324,967 19,169 324,967
VSO ($19.2K)
New Ass't Library
Director ($85K); Increase
Page Hrs ($15.1K); Night
Differential ($1.7K);
610 LIBRARY 1,434,034 1,591,681 14,504 1,606,185 1,738,256 132,071 Books & Periodicals 1,738,256
($3.7K); Digital Info
($13K); E-Books ($12K);
Network Fee Contractual
($1.6K)
TOTAL ALL OTHER 3,342,232 3,498,557 57,667 3,556,224 3,964,799 408,575 3,964,799
TOTAL MUNICIPAL 26,621,741 27,940,736 622,949 28,563,685 30,134,624 1,570,939 30,134,624
2.23% 7.85% 5.50% 7.85%
ATMDATA - 1-10-25.xlsx Page 4 of 4 1/10/2025Source page 13
FIXED COSTS and STATE and COUNTY ASSESSMENTS
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY26 vs FY25
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 62,632 79,317 77,265 74,999 75,447 97,000 97,000 0.0%
423 SNOW & ICE 405,906 835,317 758,519 510,500 490,500 650,500 650,500 0.0%
433 TRASH COLLECTION 2,024,995 2,096,983 2,316,063 2,529,282 2,596,815 2,676,652 2,887,506 7.9%
INSIDE LEVY 2,801,029 3,164,705 3,054,669 3,169,969 3,356,835 3,441,428 3,452,478 0.3%
OUTSIDE LEVY 1,635,229 2,018,114 1,491,609 1,508,900 1,307,643 933,459 905,959 -2.9%
TOTAL DEBT SERVICE 4,436,257 5,182,819 4,546,278 4,678,869 4,664,479 4,374,887 4,358,436 -0.4%
840 BLUE HILLS REGIONAL 1,447,694 1,476,512 1,472,906 1,570,786 1,770,018 1,759,530 1,847,507 5.0%
841 NORFOLK COUNTY AGGIE 19,460 16,000 19,800 38,196 30,184 50,000 50,000 0.0%
911 RETIREMENT EXPENSES 5,638,718 6,035,583 6,449,186 6,932,851 7,301,239 7,569,612 8,225,413 8.7%
913 UNEMPLOYMENT 100,000 100,000 100,000 100,000 100,000 100,000 100,000 0.0%
914 HEALTH INSURANCE 12,452,037 12,898,486 12,856,382 12,967,659 13,242,449 13,741,272 14,598,007 6.2%
915 LIFE INSURANCE 59,181 59,193 58,387 58,882 59,297 62,250 62,250 0.0%
TOTAL HEALTH & LIFE INSURANCE 12,511,218 12,957,679 12,914,769 13,026,541 13,301,746 13,803,522 14,660,257 6.2%
946 TOWN INSURANCE 1,137,058 1,218,901 1,262,147 1,333,831 1,396,909 1,664,092 1,728,912 3.9%
993 OPEB TRUST FUND 1,030,000 914,000 1,050,000 1,150,000 1,250,000 1,350,000 1,450,000 7.4%
116 PLYMOUTH RUBBER DIF TRANSFER 94,885 50,970 98,497 693,350 548,186 1,071,488 594,053 -44.6%
TOTAL FIXED COSTS 28,908,823 30,964,081 31,065,430 32,639,205 33,525,523 35,767,284 37,249,584 4.1%
2.1% 7.1% 0.3% 5.1% 2.7% 4.8% 4.1%
820 STATE ASSESSMENTS 969,533 1,202,295 1,236,874 1,283,299 1,262,544 1,311,269 1,261,414 -3.8%
830 NORFOLK COUNTY TAX 217,129 222,558 224,723 230,186 242,144 248,197 254,402 2.5%
TOTAL STATE & COUNTY 1,186,662 1,424,853 1,461,597 1,513,485 1,504,688 1,559,466 1,515,816 -2.8%
Fixed Costs are Estimated to Grow by 4.1%, or $1.48MM in FY26
DIF Transfer DEcreasing $477K; Retirement Increasing $656K; Trash Increasing $211K
Health Insurance $857K Increase Reflects Growth in Subscribers and 3% & 15% Premium Increases
Blue Hills & Norfolk County Assessments Reflect Preliminary Estimates
ATMDATA - 1-10-25.xlsx fixed costs 1/10/2025Source page 14
WATER SEWER RINK ENTERPRISE FUND OPERATING BUDGETS
FISCAL FISCAL FISCAL FISCAL FISCAL FISCAL FISCAL INC/(DEC)
2020 2021 2022 2023 2024 2025 2026 FROM
DESCRIPTION ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS BUDGET ESTIMATE FISCAL 2025
WATER REVENUE 6,488,324 7,787,484 7,114,979 8,997,709 10,275,696 10,100,151 9,979,931 (120,220)
SALARIES & WAGES 1,085,909 1,102,934 1,058,378 1,186,071 1,131,616 1,278,568 1,270,604 (7,964)
MWRA ASSESSMENT 2,147,100 1,637,287 1,518,359 2,033,521 2,501,834 2,751,185 2,751,185 0
DEBT SERVICE 2,198,295 2,356,899 2,582,297 3,429,358 3,739,339 3,527,251 3,417,003 (110,248)
CHARGES FROM GENERAL FUND 536,298 632,564 660,999 742,455 809,769 820,877 818,869 (2,008)
OTHER EXPENSES 1,146,910 1,021,963 954,323 1,564,063 1,414,361 1,722,270 1,722,270 0
TOTAL WATER OPERATING EXPENSES 7,114,512 6,751,647 6,774,356 8,955,467 9,596,919 10,100,151 9,979,931 (120,220)
CASH CAPITAL 235,000 65,700 72,000 79,800 83,000 111,000 255,400 -1.2%
TOTAL WATER ENTERPRISE EXPENSES 7,349,512 6,817,347 6,846,356 9,035,268 9,679,919 10,211,151 10,235,331
WATER SURPLUS/(DEFICIT) (861,188) 970,137 268,623 (37,559) 595,777 (111,000) (255,400)
SEWER REVENUE 6,773,653 7,431,333 6,855,278 7,766,973 7,385,952 7,452,246 7,460,533 8,287
SALARIES & WAGES 459,275 458,076 483,078 526,199 550,597 691,581 683,014 (8,567)
MWRA ASSESSMENT 4,633,404 4,629,513 4,804,153 4,905,331 5,135,741 5,191,978 5,295,818 103,840
DEBT SERVICE 862,506 663,465 598,150 563,636 559,508 589,263 511,929 (77,334)
CHARGES FROM GENERAL FUND 329,454 378,855 402,613 429,495 391,323 460,925 451,273 (9,652)
OTHER EXPENSES 185,498 335,490 369,218 312,355 301,453 518,499 518,499 0
TOTAL SEWER OPERATING EXPENSES 6,470,137 6,465,399 6,657,212 6,737,016 6,938,622 7,452,246 7,460,533 8,287
CASH CAPITAL 200,000 13,500 382,000 415,000 0 124,000 847,100 0.1%
TOTAL SEWER ENTERPRISE EXPENSES 6,670,137 6,478,899 7,039,212 7,152,016 6,938,622 7,576,246 8,307,633
SEWER SURPLUS/(DEFICIT) 103,516 952,434 (183,934) 614,957 447,330 (124,000) (847,100)
RINK REVENUE 40,331 169,736 366,359 445,225 474,178 495,140 482,341 (12,799)
SALARIES & WAGES 0 37,590 35,947 162,216 121,256 120,500 122,100 1,600
DEBT SERVICE 0 110,499 108,851 109,351 103,701 106,201 106,451 250
CHARGES FROM GENERAL FUND 0 5,460 14,829 28,171 41,252 63,399 48,750 (14,649)
OTHER EXPENSES 8,785 73,964 174,724 208,797 171,167 205,040 205,040 0
TOTAL RINK OPERATING EXPENSES 8,785 227,514 334,351 508,535 437,376 495,140 482,341 (12,799)
CASH CAPITAL 0 17,000 0 0 0 0 0 -2.6%
TOTAL RINK ENTERPRISE EXPENSES 8,785 244,514 334,351 508,535 437,376 495,140 482,341
RINK SURPLUS/(DEFICIT) 31,546 (74,778) 32,008 (63,310) 36,802 - -
ATMDATA - 1-10-25.xlsx enterprises 1/10/2025Source page 15
REVENUE ESTIMATE
for
FY 2026 GENERAL FUND
OPERATING BUDGETS
Prepared for: The Revenue Forecasting Committee
For Discussion Purposes
Town of Canton
February 4, 2025Source page 16
INDEX
Page
3 CANTON’S REVENUE FORECASTING POLICY
4 REVENUES & EXPENDITURES: FY ‘20 – FY ’26
5 PROPERTY TAX REVENUE: FY ‘20 – FY ‘26
6 PROPERTY TAXES from DEBT EXCLUSIONS - NET OF REIMBURSEMENTS: FY ‘20 – FY ‘26
7 STATE AID: FY ‘20 – FY ‘26
8 LOCAL RECEIPTS: FY ‘20 – FY ’26
9 TRANSFERS from OTHER FUNDS: FY ‘20 – FY ’26
10 AMBULANCE RECEIPTS RESERVED FUND HISTORY & FORECAST: FY '20 - FY '26
11 FIXED COSTS and STATE & COUNTY ASSESSMENTS: FY ‘20 – FY ’26
12 FY 2026 ESTIMATED COMBINED "CHERRY SHEET" for REVENUE & ASSESSMENTS
2Source page 17
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 18
SUMMARY OF REVENUES AND EXPENDITURES
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 77,780,712 83,773,978 86,783,670 90,024,636 94,156,371 97,596,491 101,485,165
STATE AID 9,418,160 9,722,010 9,356,281 10,747,582 11,550,752 11,910,310 12,338,598
LOCAL RECEIPTS 8,258,958 9,186,431 10,690,006 13,127,638 13,858,983 10,163,307 11,279,047
TRANSFERS FROM OTHER FUNDS 3,264,550 2,795,521 2,971,672 3,452,800 4,274,802 4,542,220 4,440,377
TAX TITLE / FORECLOSURE REVENUE 235,221 221,451 148,855 222,957 163,001 0 0
TOTAL REVENUES 98,957,601 105,699,391 109,950,484 117,575,613 124,003,910 124,212,328 129,543,187
Increase vs. Prior Year Budget 4.2% 6.7% 7.5% 7.5% 10.0% 5.0% 4.3%
Excluding Ambulance Funding = 4.6% 4.7%
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
SCHOOL BUDGET ADJUSTMENT NEEDED TO BALANCE 310,421 76,287 2,776,306 3,321,201 2,770,299 2,885,812
SCHOOL EXPENSE BUDGET 44,055,834 46,032,350 47,792,662 50,568,968 53,979,606 56,260,842 59,146,654
3.9% 4.5% 3.5% 5.81% 6.74% 5.18% 5.13%
MUNICIPAL PRIOR YEAR ORIGINAL BUDGET 21,777,124 22,731,468 23,618,027 25,025,058 26,621,741 27,940,736
MUNICIPAL BUDGET ADJUSTMENT NEEDED TO BALANCE 527,478 413,390 1,407,031 1,529,317 1,318,995 1,466,851
MUNICIPAL EXPENSE BUDGET 21,716,443 22,340,658 23,618,027 25,025,058 26,554,375 27,940,736 29,407,587
4.9% 2.9% 3.9% 5.96% 6.11% 4.95% 5.25%
FIXED COSTS 28,908,823 30,964,081 31,065,430 32,639,205 33,620,015 35,767,283 37,249,584
2.1% 7.1% -1.1% 5.07% 3.01% 6.39% 4.14%
TOTAL OPERATING EXPENSES 94,681,100 99,337,089 102,476,119 108,233,231 114,153,996 119,968,861 125,803,825
3.6% 3.6% 2.1% 5.62% 5.47% 5.09% 4.86%
SCHOOL CASH CAPITAL 749,998 600,000 800,000 944,000 1,000,000 1,106,000 1,099,235
MUNICIPAL CASH CAPITAL 1,670,460 650,000 836,509 965,000 1,131,000 1,046,000 1,100,000
CASH CAPITAL EXPENDITURES 2,420,458 1,250,000 1,636,509 1,909,000 2,131,000 2,152,000 2,199,235
TRANSFER TO OTHER STABILIZATION FUNDS 0 0 0 1,000,000 1,000,000 2,000,000 1,000,000
TRANSFERS TO STABILIZATION FUNDS 0 0 0 1,000,000 1,000,000 2,000,000 1,000,000
SPECIAL APPROPRIATIONS 700,000 878,429 3,212,418 1,978,000 3,796,577 4,975,137 4,080,000
STATE & COUNTY CHARGES 1,186,662 1,424,853 1,461,597 1,513,485 1,504,688 1,559,466 1,540,127
TOTAL EXPENDITURES 98,988,220 102,890,371 108,786,643 114,633,716 122,586,261 130,655,464 134,623,187
SURPLUS/(DEFICIT) - GENERAL FUND (30,619) 2,809,021 1,163,842 2,941,897 1,417,649 (6,443,136) (5,080,000)
ATMDATA - 1-30-25.xlsx summary 1/30/2025
4Source page 19
PROPERTY TAX REVENUE
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 5 YEAR FY 2025 FY 2026
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL AVERAGE BUDGET ESTIMATE
GENERAL FUND REVENUE:
PRIOR YEAR LEVY LIMIT 76,233,465 79,874,050 83,420,671 87,873,937 91,363,694 95,959,276 99,853,788
ADD 2.5% 1,905,837 1,996,851 2,085,517 2,196,848 2,284,092 2,398,982 2,496,345
ADD REAL ESTATE NEW GROWTH 1,201,539 1,018,931 2,197,255 1,068,806 2,170,651 1,210,920 1,063,529 500,000
ADD PERSONAL PROPERTY NEW GROWTH 533,209 530,839 170,494 224,103 142,690 361,163 432,001 350,000
SUB-TOTAL LEVY LIMIT 79,874,050 83,420,671 87,873,937 91,363,694 95,961,127 99,853,788 103,200,133
ADD DEBT EXCLUSIONS (NET OF REIMBURSEMENTS) 1,206,119 1,586,104 1,482,229 1,482,928 1,283,617 911,390 885,846
LESS UNUSED LEVY CAPACITY (913,307) (64,833) (127,856) 11,649 (35,185) (242,366) (12,809) 0
LESS AMOUNT of TAHMO P.I.L.O.T. (Now in local receipts) 0 0 (1,600,000) (1,648,000) (1,697,440) (1,748,363) (1,800,814)
TOTAL PROPERTY TAXES-CURRENT YEAR 80,166,862 84,941,942 87,628,309 91,210,271 95,512,119 99,004,006 102,285,165
ADJUST TO ACTUAL AMOUNT BILLED 0 0 0 0 0 0 0
LESS ABATEMENTS & EXEMPTIONS (1,018,140) (411,429) (1,996,039) (955,749) (1,826,225) (1,094,642) (1,409,412) (800,000)
SUB-TOTAL PROPERTY TAX REVENUE 79,148,721 84,530,513 85,632,271 90,254,522 93,685,894 97,594,594 101,485,165
OVER/(UNDER) COLLECTIONS (1,368,009) (756,535) 1,151,399 (229,886) 470,477 (192,506) 0 0
NET PROPERTY TAX REVENUE 77,780,712 83,773,978 86,783,670 90,024,636 94,156,371 97,594,594 101,485,165
Net Property Tax Revenue is Estimated to Increase by ~$3.9MM to ~$101.5MM
Levy Limit is Increasing by 2 1/2% or ~$2.5MM
New Growth Tax is Estimated at $850K by Assessing & Building Dept's
Allowable Levy is Reduced by Point32 Health PILOT of ~1.8MM, which is now in Local Receipts
ATMDATA - 1-30-25.xlsx property taxes 1/30/2025
5Source page 20
PROPERTY TAXES FROM DEBT EXCLUSIONS - NET OF REIMBURSEMENTS
LAST FY FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
DESCRIPTION IMPACT ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE
LUCE SCHOOL 2021 470,130 444,150 0 0 0 0 0
LIBRARY 2023 312,135 299,895 287,500 108,255 0 0 0
HIGH SCHOOL 2024 574,443 533,088 483,408 436,963 346,758 0 0
HANSEN SCHOOL ADDITION 2037 278,521 273,082 263,643 261,000 255,600 250,200 244,800
BOLIVAR POOL 2040 0 467,890 457,059 443,459 429,859 416,259 402,659
ST GERARD'S 2042 0 0 0 259,225 275,427 267,000 258,500
TOTAL DEBT SERVICE 1,635,229 2,018,105 1,491,609 1,508,901 1,307,644 933,459 905,959
LESS MSBA OFFSETS & OTHER ADJUSTMENTS:
LUCE SCHOOL MSBA REIMBURSEMENT (422,032) (422,032) 0 0 0 0 0
ADDITIONAL INTEREST PAID ON REFUNDINGS 2,750 0 0 0 0 0 0
BOLIVER EXCLUDED DEBT SURPLUS REDUX 0 0 0 (17,051) (15,699) (14,346) (12,994)
EXCESS BOND PREMIUM FOR HANSEN SCHOOL (9,828) (9,278) (8,728) (8,190) (7,644) (7,098) (6,552)
NET PREMIUM RECEIVED ON NOTES & BONDS 0 (691) (653) (732) (684) (625) (567)
TOTAL MSBA OFFSETS & OTHER ADJUSTMENTS (429,110) (432,001) (9,381) (25,973) (24,027) (22,069) (20,113)
NET EXCLUDED DEBT SERVICE 1,206,119 1,586,104 1,482,228 1,482,928 1,283,617 911,390 885,846
Debt Exclusion Tax is Decreasing ~$25.5K due to Amortization of Existing Bond Issues
Library was Paid Off Two Years Ago and the High School Last Year
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 - 1-30-25.xlsx debt exclusions 1/30/2025
6Source page 21
STATE AID
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ESTIMATE
CHAPTER 70 6,346,813 6,516,115 6,613,135 7,890,436 8,665,186 9,007,450 9,267,189
3.6% 2.7% 1.5% 19.3% 9.8% 3.9% 2.9%
SCHOOL TRANSPORTATION 0 0 0 0 0 0
CHARTER TUITION ASSESSMENT REIMBURSEMENT 19,891 173,325 84,466 132,770 48,019 15,444 19,373
SUB-TOTAL EDUCATION 6,366,704 6,689,440 6,697,601 8,023,206 8,713,205 9,022,894 9,286,562
2.6% 5.1% 0.1% 19.8% 8.6% 3.6% 2.9%
UNRESTRICTED GENERAL GOVERNMENT AID 2,277,134 2,277,134 2,356,834 2,484,103 2,563,594 2,640,502 2,698,593
VETERANS' BENEFITS 131,998 115,022 112,591 32,014 55,850 71,440 110,890
STATE OWNED LAND (PAYMENTS IN LIEU OF TAXES) 38,584 39,686 44,688 57,582 66,354 68,015 68,330
EXEMPTIONS FOR ELDERLY, VETS ETC. 147,435 144,423 110,294 116,405 151,749 107,459 174,223
SUB-TOTAL GENERAL GOVERNMENT 2,595,151 2,576,265 2,624,407 2,690,104 2,837,547 2,887,416 3,052,036
3.4% -0.7% 1.9% 2.5% 5.5% 1.8% 5.7%
SUB-TOTAL STATE AID 8,961,855 9,265,705 9,322,008 10,713,310 11,550,752 11,910,310 12,338,598
2.8% 3.4% 0.6% 14.9% 7.8% 3.1% 3.6%
SCHOOL CONSTRUCTION (MSBA):
LUCE SCHOOL 422,032 422,032 0 0 0 0 0
HANSEN SCHOOL ELEVATOR 18,328 18,328 18,328 18,328 0 0 0
KENNEDY SCHOOL ELEVATOR 15,945 15,945 15,945 15,944 0 0 0
TOTAL SCHOOL CONSTRUCTION AID 456,305 456,305 34,273 34,272 0 0 0
TOTAL STATE AID 9,418,160 9,722,010 9,356,281 10,747,582 11,550,752 11,910,310 12,338,598
2.7% 3.2% -3.8% 14.9% 7.5% 3.1% 3.6%
Governor's FY '26 Proposed Budget is Reflected as of 1/23/25
FY '26 Proposal is a 3.6% Increase, or 0.5% More Than the Prior Year Increase
Education Aid is up $264K, or 2.9%; General Govt. Aid is up $165K, or 5.7%
Total State Aid Proposal Reflects a $428K Increase, or 3.6%
ATMDATA - 1-30-25.xlsx state aid 1/30/2025
7Source page 22
LOCAL RECEIPTS
ORG FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 5 YEAR FY 2025 FY 2026
DESCRIPTION # ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL AVERAGE ESTIMATE ESTIMATE
-7.0% 10.9% -0.9% 5.5% 6.7% 2.9%
EXCISE TAXES (Motor Vehicle) 10015 4,560,311 5,057,570 5,014,394 5,290,490 5,644,166 5,113,386 5,000,000 5,100,000
-7.9% -25.8% 70.3% 42.5% 22.7% 15.3%
OTHER EXCISE (Hotel & Meals) 10016 568,692 421,812 718,256 1,023,603 1,256,370 797,747 1,073,000 1,287,600
-15.5% 59.2% -25.5% 10.2% 10.6% 4.1%
PENALTIES & INTEREST 10017 240,078 382,088 284,510 313,655 346,951 313,456 295,000 300,000
4.7% 10.9% 568.1% 2.9% 2.9% 52.4%
PAYMENTS IN LIEU OF TAXES 10018 254,165 281,830 1,882,844 1,937,379 1,993,518 1,269,947 2,051,307 2,110,795
-19.9% 74.4% -32.9% -8.2% -6.1% -4.2%
FEES 10032 148,083 258,238 173,284 159,153 149,375 177,627 175,000 175,000
-3.9% 10.1% -1.7% -25.7% -73.1% -27.0%
RENTALS (Mobile Leases on Water Ent. Assets) 10036 219,064 241,102 236,884 176,005 47,259 184,063 50,000 49,652
-5.9% 18.3% -10.7% -6.2% -12.9% -4.1%
OTHER DEPARTMENT REVENUE 10037 92,290 109,223 97,545 91,482 79,638 94,035 100,000 95,000
-9.5% -11.1% 21.7% -6.9% -1.9% -2.2%
ALCOHOLIC BEVERAGES LICENSES 10041 81,825 72,756 88,540 82,400 80,825 81,269 85,000 81,000
-13.7% 30.3% 16.2% -9.0% 26.7% 8.5%
OTHER LICENSES 10042 61,901 80,626 93,702 85,253 108,000 85,896 79,000 85,000
16.7% 40.1% -20.3% 9.1% -32.0% -0.7%
PERMITS 10045 1,278,736 1,791,140 1,427,740 1,558,008 1,059,527 1,423,030 1,400,000 1,400,000
-100.0% 0.0% 0.0% 100.0% -73.2% 36.2%
OTHER FEDERAL REVENUE 10054 0 0 0 61,330 16,442 15,554 0 0
-37.2% -3.0% -25.6% 47.5% 25.5% -3.4%
FINES & FORFEITURES 10077 54,683 53,018 39,461 58,206 73,074 55,688 55,000 55,000
-14.5% -58.4% -5.0% 888.6% 71.5% 41.7%
INTEREST INCOME 10082 395,819 164,548 156,257 1,544,776 2,648,860 982,052 1,500,000 1,750,000
-64.8% -13.6% -27.9% 327.1% -53.7% -15.4%
OTHER MISCELLANEOUS REVENUE 10084 188,668 162,953 117,528 502,016 232,516 240,736 100,000 100,000
-45.4% -4.5% 227.8% -32.1% -49.8% -10.2%
REIMBURSEMENTS 10085 114,644 109,527 359,061 243,868 122,465 189,913 200,000 190,000
TOTAL LOCAL RECEIPTS 8,258,958 9,186,431 10,690,006 13,127,638 13,858,983 11,024,403 12,163,307 12,779,047
-9.4% 11.2% 16.4% 22.8% 5.6% 6.4% -12.2% 5.1%
BUDGET 7,378,804 7,600,000 8,800,000 8,800,000 9,250,000 8,365,761 10,163,307 11,279,047
ACTUALS MORE THAN BUDGET 880,154 1,586,431 1,890,006 4,327,638 4,608,983 2,658,642 2,000,000 1,500,000
BUDGET INCREASE (DECREASE) 606,068 221,196 1,200,000 - 450,000 495,453 913,307 1,115,740
Local Receipts Budget Estimated to Increase by $1.1MM or 11.0%
Gross Receipts Estimated to Increase by $615.7K or 5.1%
Free Cash Recharge Targeted at $1.5MM Consistent with Plan
ATMDATA - 1-30-25.xlsx local receipts 1/30/2025
8Source page 23
TRANSFERS FROM OTHER FUNDS
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
FUND # DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ESTIMATE ESTIMATE
100 OVERLAY SURPLUS 0 27,500 0 0 0 0 0
100 FREE CASH 0 100,000 0 0 0 0 0
101 SCHOOL FOOD SERVICE 160,500 0 0 40,125 160,500 160,500 160,500
111 SOLAR FACILITY 428,574 401,124 475,320 966,209 935,079 619,609 641,484
115 BOND PREMIUMS & ISSUANCE COSTS 9,828 9,278 9,381 8,795 8,321 7,723 7,119
116 PLYMOUTH RUBBER DIF FUND - Revere Site Acquisition Debt 0
Service 0 0 0 570,908 570,907 562,000
134 PEQUITSIDE FARM RENTALS 0 0 0 0 0 0 0
135 GREENLODGE STREET PARKING FEES 70,000 70,000 35,000 35,000 25,000 35,000 31,000
170 AMBULANCE SERVICE - OPERATING 1,100,000 900,000 1,000,000 1,000,000 1,136,000 1,170,080 1,205,182
170 AMBULANCE SERVICE - CAPITAL 435,000 0 0 0 0 532,000 0
170 AMBULANCE SERVICE - DEBT SERVICE 165,150 160,740 258,530 187,550 181,650 86,200 199,200
170 AMBULANCE SERVICE - TOTAL 1,700,150 1,060,740 1,258,530 1,187,550 1,317,650 1,788,280 1,404,382
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 329,454 378,855 402,613 429,495 391,323 460,925 451,273
640 WATER ENTERPRISE FUND 536,298 632,564 660,999 742,455 809,769 820,877 818,869
700 RINK ENTERPRISE FUND 0 5,460 14,829 28,171 41,252 63,399 48,750
801 STABILIZATION FUND 0 0 0 0 0 0 0
812 CEMETERY PERPETUAL CARE (EXPENDABLE) 5,000 0 5,000 5,000 5,000 5,000 5,000
861 HEALTH INSURANCE TRUST 0 0 0 0 0 0 200,000
862 DENTAL INSURANCE TRUST 0 100,000 100,000 0 0 0 100,000
MISCELLANEOUS FUNDS 14,747 0 0 0 0 0 0
TOTALS 3,264,550 2,795,521 2,971,672 3,452,800 4,274,802 4,542,220 4,440,377
Transfers to the General Fund are Recommended to Increase by a net of $430K for Operating Budgets
Last Year $532K From Ambulance Receipts Reserved Was Dedicated to the Capital Budget
$200K Increase from Health Insurance Trust and $100K from Dental Insurance Trust
$148K Increase from Ambulance Receipts and a $22K Increase from Solar Revenues
$26K Decrease in Enterprise Fund Chargebacks and $13.5K in Reductions Across 3 Other Accounts
ATMDATA - 1-30-25.xlsx transfers 1/30/2025
9Source page 24
AMBULANCE (EMS) RECEIPTS RESERVED FUND
FY 2020 - 2030
Town of Canton
APPROPRIATION VIEW Actual Actual Actual Actual Actual Projected Projected Projected Projected Projected Projected
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
Est. Balance, ATM (May) 1,773,638 1,293,630 1,552,865 1,764,234 2,180,352 2,573,214 2,555,688 1,911,839 2,357,951 2,872,894 2,808,115
ATM - Fire Operating Budget (1,100,000) (900,000) (1,000,000) (1,000,000) (1,136,000) (1,170,080) (1,205,182) (1,241,338) (1,278,578) (1,316,935) (1,356,443)
ATM - Fire CIP (435,000) - - - - (532,000) (1,093,000) - - (652,300) (652,300)
ATM - Fire Debt Service (165,150) (160,740) (258,530) (187,550) (181,650) (86,200) (199,200) (258,760) (250,000) (241,240) (232,480)
Total Appropriations (1,700,150) (1,060,740) (1,258,530) (1,187,550) (1,317,650) (1,788,280) (2,497,382) (1,500,098) (1,528,578) (2,210,475) (2,241,223)
Est. Balance, Post ATM (May) 73,488 232,890 294,335 576,684 862,702 784,934 58,306 411,741 829,373 662,419 566,892
FISCAL YEAR VIEW
Balance, July 1 1,979,720 1,496,530 1,776,279 2,013,531 2,451,226 2,861,141 2,852,253 2,223,233 2,684,915 3,216,205 3,168,592
Total Appropriations (1,700,150) (1,060,740) (1,258,530) (1,187,550) (1,317,650) (1,788,280) (2,497,382) (1,500,098) (1,528,578) (2,210,475) (2,241,223)
Balance Net of Appropriations 279,570 435,790 517,749 825,981 1,133,576 1,072,861 354,871 723,135 1,156,337 1,005,730 927,369
Receipts (net) 1,216,872 1,340,489 1,495,782 1,625,245 1,727,565 1,779,392 1,868,362 1,961,780 2,059,869 2,162,862 2,271,005
-1.6% 10.2% 11.6% 8.7% 6.3% 3.0% 5.0% 5.0% 5.0% 5.0% 5.0%
7.16%
Balance, June 30 1,496,442 1,776,279 2,013,531 2,451,226 2,861,141 2,852,253 2,223,233 2,684,915 3,216,205 3,168,592 3,198,374
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 choppy over the last 11 years, with a 7.16% compound average growth rate
Projected growth in ambulance receipts is estimated at 3% to 5% supported by increased billing rates in FY25.
ATMDATA - 1-30-25.xlsx Ambulance 1/30/2025
10Source page 25
FIXED COSTS and STATE and COUNTY ASSESSMENTS
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY26 vs FY25
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 62,632 79,317 77,265 74,999 78,493 97,000 97,000 0.0%
423 SNOW & ICE 405,906 835,317 758,519 510,500 490,500 650,500 650,500 0.0%
433 TRASH COLLECTION 2,024,995 2,096,983 2,316,063 2,529,282 2,611,484 2,676,652 2,887,506 7.9%
INSIDE LEVY 2,801,029 3,164,705 3,054,669 3,169,969 3,356,835 3,441,428 3,452,478 0.3%
OUTSIDE LEVY 1,635,229 2,018,114 1,491,609 1,508,900 1,307,644 933,459 905,959 -2.9%
TOTAL DEBT SERVICE 4,436,257 5,182,819 4,546,278 4,678,869 4,664,480 4,374,887 4,358,436 -0.4%
840 BLUE HILLS REGIONAL 1,447,694 1,476,512 1,472,906 1,570,786 1,770,018 1,759,530 1,847,507 5.0%
841 NORFOLK COUNTY AGGIE 19,460 16,000 19,800 38,196 30,184 50,000 50,000 0.0%
911 RETIREMENT EXPENSES 5,638,718 6,035,583 6,449,186 6,932,851 7,301,239 7,569,612 8,225,413 8.7%
913 UNEMPLOYMENT 100,000 100,000 100,000 100,000 100,000 100,000 100,000 0.0%
914 HEALTH INSURANCE 12,452,037 12,898,486 12,856,382 12,967,659 13,242,449 13,741,272 14,598,007 6.2%
915 LIFE INSURANCE 59,181 59,193 58,387 58,882 59,297 62,250 62,250 0.0%
TOTAL HEALTH & LIFE INSURANCE 12,511,218 12,957,679 12,914,769 13,026,541 13,301,746 13,803,522 14,660,257 6.2%
946 TOWN INSURANCE 1,137,058 1,218,901 1,262,147 1,333,831 1,473,685 1,664,092 1,728,912 3.9%
993 OPEB TRUST FUND 1,030,000 914,000 1,050,000 1,150,000 1,250,000 1,350,000 1,450,000 7.4%
116 PLYMOUTH RUBBER DIF TRANSFER 94,885 50,970 98,497 693,350 548,186 1,071,488 594,053 -44.6%
TOTAL FIXED COSTS 28,908,823 30,964,081 31,065,430 32,639,205 33,620,015 35,767,284 37,249,584 4.1%
2.1% 7.1% 0.3% 5.1% 3.0% 4.5% 4.1%
820 STATE ASSESSMENTS 969,533 1,202,295 1,236,874 1,283,299 1,262,544 1,311,269 1,268,042 -3.3%
830 NORFOLK COUNTY TAX 217,129 222,558 224,723 230,186 242,144 248,197 272,085 9.6%
TOTAL STATE & COUNTY 1,186,662 1,424,853 1,461,597 1,513,485 1,504,688 1,559,466 1,540,127 -1.2%
Fixed Costs are Estimated to Grow by 4.1%, or $1.48MM in FY26
DIF Transfer DEcreasing $477K; Retirement Increasing $656K; Trash Increasing $211K
Health Insurance $857K Increase Reflects Growth in Subscribers and 3% & 15% Premium Increases
Blue Hills & Norfolk County Assessments Reflect Preliminary Estimates
ATMDATA - 1-30-25.xlsx fixed costs 1/30/2025
11Source page 26
FY 2026 STATE AID ESTIMATES
FY 2020 Final FY 2021 Final FY 2022 Final FY 2023 Final FY 2024 Final FY 2025 FY 2025 FY 2026
Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet Cherry Sheet
Estimate Estimate Estimate Estimate Estimate Gov's Budget FINAL Estimate
Education:
Chapter 70 6,327,312 6,516,115 6,613,135 7,890,436 8,665,186 8,763,916 9,007,450 9,267,189
Charter Tuition Reimbursement 24,738 173,325 84,466 132,770 58,821 31,478 15,444 19,373
Sub-total, All Education Items: 6,352,050 6,689,440 6,697,601 8,023,206 8,724,007 8,795,394 9,022,894 9,286,562
General Government:
Unrestricted Gen Gov't Aid 2,277,134 2,277,134 2,356,834 2,484,103 2,563,594 2,640,502 2,640,502 2,698,593
Veterans Benefits 116,442 115,022 112,591 32,014 57,906 71,440 71,440 110,890
State Owned Land 38,584 39,686 44,688 57,582 66,421 66,739 68,015 68,330
Exemptions: VBS and Elderly 138,518 144,423 110,294 116,405 118,371 113,991 107,459 174,223
Sub-Total, All General Government 2,570,678 2,576,265 2,624,407 2,690,104 2,806,292 2,892,672 2,887,416 3,052,036
Total Estimated Receipts 8,922,728 9,265,705 9,322,008 10,713,310 11,530,299 11,688,066 11,910,310 12,338,598
County Assessments:
County Tax 217,129 222,558 224,723 230,341 242,144 248,197 248,197 272,085
Sub-Total, County Assessments: 217,129 222,558 224,723 230,341 242,144 248,197 248,197 272,085
State Assessments and Charges:
Mosquito Control Projects 110,376 114,338 116,662 119,611 123,944 126,763 126,734 134,397
Air Pollution Districts 8,772 9,070 9,210 9,456 9,791 10,036 10,064 10,569
Metropolitan Area Planning Council 12,218 12,684 13,115 13,611 14,181 14,535 14,626 14,963
RMV Non-Renewal Surcharge 20,340 22,840 22,840 18,540 20,100 17,560 25,080 25,080
MBTA (Includes $6K Canton Junction Access Fee - Starts FY25) 516,814 529,250 539,141 562,758 593,483 619,291 619,291 636,247
Special Education 35,571 13,639 12,856 0 0 0 0 0
School Choice Sending Tuition 42,860 95,669 90,541 121,089 126,329 105,871 102,284 58,530
Charter School Sending Tuition 254,804 382,467 472,853 435,682 438,703 417,213 313,212 388,256
Sub-Total, State Assessments: 1,001,755 1,179,957 1,277,218 1,280,747 1,326,531 1,311,269 1,211,291 1,268,042
Total Estimated Assessments 1,218,884 1,402,515 1,501,941 1,511,088 1,568,675 1,559,466 1,459,488 1,540,127
Net State Aid 7,703,844 7,863,190 7,820,067 9,202,222 9,961,624 10,128,600 10,450,822 10,798,471
ATMDATA - 1-30-25.xlsx cherry sheet 1/30/2025
12