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/projected-gap.json
Run forward on our assumed rates, the schools are $932,531 short in FY2028 and $4,676,182 in FY2033.
Projected school gap by yearour estimate
Gap that year (ours)New that year (ours)
Gap that year (ours)
New that year (ours)
FY2028
$932,531
$932,531
FY2029
$1,535,097
$572,717
FY2030
$2,205,046
$621,142
FY2031
$2,947,857
$673,158
FY2032
$3,769,443
$729,054
FY2033
$4,676,182
$789,138
Each year’s gap includes the years before it; the second bar is the part that is new.
1 · The facts
$26,572,288
the school budget, FY2027, as adopted
$932,531
projected gap, FY2028 (ours)
our estimate
$1,535,097
projected gap, FY2029 (ours)
our estimate
$572,717
of it new in FY2029 (ours)
our estimate
$4,676,182
projected gap, FY2033 (ours)
our estimate
4.0% a year
salary growth, assumed (ours)
our estimate
9.0% a year
health insurance cost growth, assumed (ours)
our estimate
—
a published FY2028 school budget
not published
2 · What it shows
1
Each year’s gap holds the last: $572,717 of FY2029’s $1,535,097 is new that year.
2
It assumes salaries grow 4.0% a year and health insurance 9.0% a year; both are ours.
3
No board has published an FY2028 figure; this is our arithmetic on FY2027’s budget.
The projection, year by year (ours)
Year
Level service cost
Revenue for the schools
Gap
New that year
FY2028
$28,361,267
$27,428,736
$932,531
$932,531
FY2029
$29,841,775
$28,306,678
$1,535,097
$572,717
FY2030
$31,411,702
$29,206,656
$2,205,046
$621,142
FY2031
$33,077,086
$30,129,229
$2,947,857
$673,158
FY2032
$34,844,413
$31,074,970
$3,769,443
$729,054
FY2033
$36,720,647
$32,044,466
$4,676,182
$789,138
Our projection from the FY2027 adopted budget, at the rates model.json assumes.