FY2027 Local Receipts Estimate
At a glance
- What: the town's estimate of locally generated revenue (excise taxes, fees, investment income, permits) that helps balance the FY27 budget.
- Where it stands (Oct 15, 2026): the estimate was cut about $1 million after Town Meeting, from $19,455,000 to $18,419,000, because extra state aid and new growth balanced the budget. First-quarter collections were about $3.7 million (20%), about the same as last year.
- Watch: cannabis revenue is slowly declining; hotel tax (short-term rentals) is ahead of plan; the largest motor vehicle excise bills come in February; state reimbursement for homeless student transportation is uncertain. Staff owe the committee a breakdown of school departmental revenue (mostly out-of-district vocational transportation reimbursement). Related: FY2027 Tax Classification and Tax Rate.
Sources
- 2026-10-15 - Finance Committee (YouTube auto-captions).
Discussion time
About 12 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-15 - Finance Committee | 12 |
Log
- 2026-10-15 - 2026-10-15 - Finance Committee: Jean Budenhagen, Dennis O'Connell and Kelly Barner questioned staff on homeless student transportation (state reimbursement, 50/50 sending and home district cost share), cannabis licenses and school departmental revenue. The Select Board had set the tax rate at $11.38 on Oct 13. About 12 minutes.
- 2026-09-17 - 2026-09-17 - Finance Committee: Staff plan to pull the estimate back about $800,000 as growth plateaus; new growth expected near $2.24 million against $1.35 million budgeted.