I am reading the Massachusetts Municipal Association’s January Beacon with my lunch, and it says that the state’s 12/12/11 annual consensus revenue hearing agreed that FY12 revenues will be up an additional $53m. (revenue estimates were already raised $395m. in October), and that state revenues are expected to increase 3% in FY13 ($560m. – $683m.). Better state revenues should assist Medfield’s state aid expectations, and therefore relieve our reliance on our property taxes.
Interestingly, Mike Sullivan reported to the contrary at the Board of Selectmen meeting last night. Mike’s information may be newer, or it may just factor in that the state’s costs/expenses may rise faster than the revenues.
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