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/cost-and-revenue-growth.json
Keeping today’s schools costs 5.18% more each year; revenue grows 3.22% a year in FY2028, then less.
Cost and revenue growth ratesour estimate
Cost of today’s schools (ours)School revenue (ours)
Cost of today’s schools (ours)
School revenue (ours)
FY2028
5.18%
3.22%
FY2029
5.18%
3.20%
FY2030
5.18%
3.18%
FY2031
5.18%
3.16%
FY2032
5.18%
3.14%
FY2033
5.18%
3.12%
FY2034
5.18%
3.10%
FY2035
5.18%
3.08%
FY2036
5.18%
3.07%
FY2037
5.18%
3.05%
FY2038
5.18%
3.03%
FY2039
5.18%
3.02%
FY2040
5.18%
3.00%
FY2041
5.18%
2.99%
FY2042
5.18%
2.98%
FY2043
5.18%
2.96%
FY2044
5.18%
2.95%
FY2045
5.18%
2.94%
FY2046
5.18%
2.93%
FY2047
5.18%
2.91%
FY2048
5.18%
2.90%
FY2049
5.18%
2.89%
FY2050
5.18%
2.88%
FY2051
5.18%
2.87%
FY2052
5.18%
2.86%
FY2053
5.18%
2.85%
FY2054
5.18%
2.84%
FY2055
5.18%
2.83%
FY2056
5.18%
2.83%
FY2057
5.18%
2.82%
Both are our projection. Costs hold their blended rate; revenue drifts toward the cap as flat new growth shrinks as a share.
1 · The facts
5.18% a year
cost growth, keeping today’s schools as they are (ours)
our estimate
3.22% a year
school revenue growth, FY2028 (ours)
our estimate
2.82% a year
school revenue growth, FY2057 (ours)
our estimate
2.5% a year
levy limit growth, set by Proposition 2½
law
1.96 points
cost growth minus revenue growth, FY2028 (ours)
our estimate
$400,000
new growth a year, held flat (ours)
our estimate
$9,300,751
projected gap, FY2037 (ours)
our estimate
2 · What it shows
1
Two rates 1.96 points apart: the gap grows every year at these rates, to $9,300,751 by FY2037.
2
Revenue growth falls to 2.82% a year by FY2057: new growth is a flat $400,000, a shrinking share.
3
A cut lowers costs once; it leaves the growth of 5.18% a year where it was.