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/chapter-70-needed.json
For state aid alone to hold the gap, Chapter 70 would grow 11.33% a year (ours); we assume 2.71% a year.
Chapter 70 at two growth ratesour estimate
At the rate needed (ours)At our assumed rate (ours)
At the rate needed (ours)
At our assumed rate (ours)
FY2028
$10,408,959
$9,602,799
FY2029
$11,588,678
$9,863,135
FY2030
$12,902,102
$10,130,528
FY2031
$14,364,385
$10,405,171
FY2032
$15,992,399
$10,687,259
FY2033
$17,804,927
$10,976,995
FY2034
$19,822,882
$11,274,585
FY2035
$22,069,544
$11,580,244
FY2036
$24,570,837
$11,894,189
FY2037
$27,355,618
$12,216,645
Both are our projection from FY2027’s Chapter 70.
1 · The facts
$9,349,335
Chapter 70, FY2027
$11,876,038
all state aid, FY2027
23.8%
of the town’s revenue is state aid (our division)
our estimate
2.71% a year
state aid growth, assumed (ours)
our estimate
9.50% a year
state aid growth needed to close the gap (ours)
our estimate
11.33% a year
Chapter 70 growth needed, if it alone closes it (ours)
our estimate
$27,355,618
Chapter 70 in FY2037 at that rate (ours)
our estimate
$12,216,645
at our assumed rate (ours)
our estimate
$68,248,782
more Chapter 70 over ten years than we count (ours)
our estimate
$3,482,708
FY2027 budget above foundation (our subtraction)
our estimate
2 · What it shows
1
To hold the gap, all state aid would grow 9.50% a year; Chapter 70 alone, 11.33% a year.
2
By FY2037 that is $27,355,618 of Chapter 70, against $12,216,645 at our assumed rate.
3
Over ten years, $68,248,782 more Chapter 70 than the projection already counts.
4
The FY2027 school budget is $3,482,708 above the state’s foundation budget.