Canton, Massachusetts · Saved source text
Article 37 - FY25 Budget Target Calculations Revised 2-15-24 pdf file
Saved text from 2 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 2025
123,990,083 Total FY '25 General Revenue Estimate
(71,387) FY '25 State Aid School Increase (Governor's FY 25 Proposal - FY '24 Budget)
(86,380) FY '25 State Aid General Government Increase (Governor's FY 25 Proposal - FY '24 Budget)
(53,490,543) FY 24 Budget - School
(26,621,741) FY 24 Budget - Municipal
(35,767,283) FY '25 Fixed Costs
(1,559,466) FY '25 State & County Charges
(2,152,000) FY '25 School & Municipal Cash Capital Allocated
(532,000) FY '25 Dedicated Transfer: Funding for Ambulance Capital
(120,280,800) Reduction to FY '25 Revenue to Determine Incremental New Funds for School & Municipal Budgets
3,709,283 New Funding for FY '25 Budget, Excluding State Aid Change & Dedicated Ambulance Receipts
3,867,050 66.77% FY '24 School Share of Combined School/Municipal Budgets
33.23% FY '24 Municipal Share of Combined School/Municipal Budgets
2,476,669 FY '25 School 66.77% Share of New Revenue Excluding State Aid Change
71,387 FY '25 State Aid School Increase
53,490,543 School - FY '24 Budget
56,038,598 FY '25 School Budget Target
66.73% FY '25 School Share of Combined School/Town Budgets
58,243,919 (2,205,321) Budget Request and Reduction Needed
8.9% 4.76% Percentage growth in FY25 Budget
1,232,615 FY '25 Municipal 33.23% Share of New Revenue Excluding State Aid Change
86,380 FY '25 State Aid General Government Increase
0 FY '25 Dedicated Transfer: Dedicated Funding for Ambulance Capital
26,621,741 Municipal - FY '24 Budget
27,940,736 FY '25 Municipal Budget Target
33.27% FY '25 Municipal Share of Combined School/Municipal Budgets
29,006,512 (1,065,776) Budget Request and Reduction Needed
9.0% 4.95% Percentage growth in FY25 Budget
83,979,334 TOTAL SCHOOL & MUNICIPAL BUDGET TARGET
- #VALUE!
2/15/2024Source page 2
FIXED COSTS and STATE and COUNTY ASSESSMENTS
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY25 vs FY24
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 78,799 62,632 79,317 77,265 74,999 97,000 97,000 0.0%
423 SNOW & ICE 714,458 405,906 835,317 758,519 510,500 650,500 650,500 0.0%
433 TRASH COLLECTION 1,951,969 2,024,995 2,096,983 2,316,063 2,529,282 2,584,500 2,676,652 3.6%
INSIDE LEVY 2,800,082 2,801,029 3,164,705 3,054,669 3,169,969 3,356,837 3,441,428 2.5%
OUTSIDE LEVY 1,757,578 1,635,229 2,018,114 1,491,609 1,508,900 1,307,645 933,459 -28.6%
TOTAL DEBT SERVICE 4,557,661 4,436,257 5,182,819 4,546,278 4,678,869 4,664,482 4,374,887 -6.2%
-
840 BLUE HILLS REGIONAL 1,207,788 1,447,694 1,476,512 1,472,906 1,570,786 1,770,018 1,759,530 -0.6%
841 NORFOLK COUNTY AGGIE 13,755 19,460 16,000 19,800 38,196 50,000 50,000 0.0%
911 RETIREMENT EXPENSES 5,249,461 5,638,718 6,035,583 6,449,186 6,932,851 7,323,368 7,569,612 3.4%
913 UNEMPLOYMENT 100,000 100,000 100,000 100,000 100,000 100,000 100,000 0.0%
914 HEALTH INSURANCE 12,428,532 12,452,037 12,898,486 12,856,382 12,967,659 13,242,449 13,741,272 3.8%
915 LIFE INSURANCE 60,202 59,181 59,193 58,387 58,882 62,250 62,250 0.0%
TOTAL HEALTH & LIFE INSURANCE 12,488,734 12,511,218 12,957,679 12,914,769 13,026,541 13,304,699 13,803,522 3.7%
946 TOWN INSURANCE 1,133,634 1,137,058 1,218,901 1,335,328 1,447,430 1,525,950 1,664,092 9.1%
993 OPEB TRUST FUND 800,000 1,030,000 914,000 1,050,000 1,150,000 1,250,000 1,350,000 8.0%
116 PLYMOUTH RUBBER DIF TRANSFER 15,918 94,885 50,970 98,497 656,011 523,440 1,071,488 104.7%
TOTAL FIXED COSTS 28,312,177 28,908,823 30,964,081 31,138,611 32,715,465 34,443,957 35,767,283 3.8%
1.5% 2.1% 7.1% 0.6% 5.1% 5.3% 3.8%
820 STATE ASSESSMENTS 1,016,466 969,533 1,202,295 1,236,874 1,283,299 1,341,442 1,311,269 -2.2%
830 NORFOLK COUNTY TAX 214,234 217,129 222,558 224,723 230,186 242,144 248,197 2.5%
TOTAL STATE & COUNTY 1,230,700 1,186,662 1,424,853 1,461,597 1,513,485 1,583,586 1,559,466 -1.5%
Fixed Costs are Estimated to Grow by 3.8%, or $1.3MM in FY25
DIF Transfer Increasing $548K; Retirement Increasing $246K; Debt Service DEcreasing $290K
Health Insurance $499K Increase Reflects Growth in Subscribers, but No Premium Increases
Blue Hills & Norfolk County Assessments Reflect Preliminary Estimates
ATMDATA - 2-06-24.xlsx fixed costs 2/15/2024