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BOROUGH OF SOMERVILLE
2025 BUDGET FUNDING
|
Project Tax Results | ||||||
|---|---|---|---|---|---|---|---|
| Budget Funding: | 2026 | 2027 | 2028 | 2029 | 2030 | ||
| Fund Balance | 5,000,000.00 | 25,000.00 | 50,000.00 | 75,000.00 | 100,000.00 | ||
| Local Revenues | 7,867,286.00 | 150,000.00 | 300,000.00 | 450,000.00 | 600,000.00 | ||
| State Aid | 1,421,035.00 | ||||||
| Grants | 312,810.51 | ||||||
| Delinquent Tax | 400,000.00 | ||||||
| Local Purpose Tax | 13,254,000.00 | 20,740,191.50 | 21,036,568.32 | 21,345,259.79 | 21,666,660.07 | 22,001,178.81 | |
| 28,255,131.51 | 20,740,191.50 | 21,211,568.32 | 21,695,259.79 | 22,191,660.07 | 22,701,178.81 | ||
| Ratables | 1,164,877,600 | 1,172,877,600 | 1,180,877,600 | 1,188,877,600 | 1,196,877,600 | 1,204,877,600 | |
| Tax Rate | 1.138 | 1.768 | 1.781 | 1.795 | 1.810 | 1.826 | |
| Increase | 0.010 | 0.631 | 0.013 | 0.014 | 0.015 | 0.016 | |