NewburyportNews.com, Newburyport, MA

Local News

May 15, 2014

Mayor puts spending plan on table

(Continued)

Municipal leaders say they are continuing to seek new sources of revenue.

Finance officials offered some elements of optimism regarding revenue for the upcoming year, predicting $400,000 in new growth revenue, and an $161,531 increase in state aid.

Officials expect a $245,000 increase in local receipts, “in large part due to the implementation of a new fire box alarm annual maintenance service fee.”

The city is benefiting from revenue sources created in recent years, including paid parking (which includes fines) and a local meals tax (half of which goes to sidewalk and road repairs).

The city will have a tax levy of $48,326,355. About $2.5 million of that will fund the debt exclusion for the high school renovation, the public library renovation and building project, the development of a new Bresnahan Elementary School, renovations to the Nock/Molin school and design, and development of a senior center.

The council has scheduled public hearings on the budget and must act on it within 45 days of submission.

City officials say the council can reduce or delete line items (of the municipal segment, not the school portion) but it cannot add to any line items.

Municipal leaders say that budget workshops will take place at City Hall on the following dates: May 20, May 29, June 2, June 3 and June 5.

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