Posted by MSC on 4/29/2023
The District’s Total Expenditures Budget is composed of two components, the Operating Budget and the Capital Budget. These appear as separate warrant articles at Town Meeting.
In order for Masconomet’s FY24 Total Expenditures Budget to “pass,” the full amounts included in the Operating and Capital Budgets must both be approved in two of our three member communities.
In Topsfield and Boxford, the operating budget also includes an override.
In all three towns, the capital budget (for turf project design and permitting) is proposed to be funded through free cash (meaning no impact on tax rate).
