lunenburgbudgetproject.org — written by the Lunenburg Budget Project, an independent tool for residents. Not affiliated with the Town of Lunenburg, the School Committee or the school district. The data this page is computed from: /data/topics/override-duration.json
A school-only override that held five years would be $3,414,929 by our arithmetic; ten years, $7,447,375.
Override size by years coveredour estimate
School-only override (ours)
1 year
$932,530
2 years
$1,497,656
3 years
$2,098,794
4 years
$2,737,378
5 years
$3,414,929
6 years
$4,133,063
7 years
$4,893,496
8 years
$5,698,051
9 years
$6,548,660
10 years
$7,447,375
Ours: the smallest override added in FY2028 that covers each run of years, grown at the levy cap.
1 · The facts
$932,531
the projected school gap, FY2028 (ours)
our estimate
2.5%
yearly rise in the levy limit, Proposition 2½
law
5.18%
yearly growth in what the schools buy (ours)
our estimate
$932,530
school-only override that covers one year (ours)
our estimate
$3,414,929
one that covers five years (ours)
our estimate
$710
a year on the average home, for five (ours)
our estimate
$7,447,375
one that covers ten years (ours)
our estimate
$1,548
a year on the average home, for ten (ours)
our estimate
2 · What it shows
1
An override lifts the levy limit once; the higher limit then grows 2.5% a year.
2
Our model has school costs growing 5.18% a year, so any fixed override is overtaken in time.
3
Five years takes $3,414,929, $710 a year on the average home; ten takes $7,447,375.
4
The cost falls on every taxpayer, at $1,548 a year on the average home for ten years.
The smallest school-only override that covers each run of years
Overridenot from the books
Average home, a yearnot from the books
1 year
$932,530
$194
2 years
$1,497,656
$311
3 years
$2,098,794
$436
4 years
$2,737,378
$569
5 years
$3,414,929
$710
6 years
$4,133,063
$859
7 years
$4,893,496
$1,017
8 years
$5,698,051
$1,184
9 years
$6,548,660
$1,361
10 years
$7,447,375
$1,548
Ours: the projection with one school-only override added in FY2028 and grown at the levy cap. The average-home figure spreads the levy over all FY2026 assessed value.
What was said
“The options discussed included a multi-year override or utilizing one-time funds specifically free cash as a stopgap, however these funds should not be used in an operating budget, but as a one-time appropriation.”