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Revere treasurer: recent property-tax bills will shave about $3.5 million from district revenues through FY2030
Summary
At a Jan. 15 special meeting, Revere’s treasurer outlined how recently signed state bills change levy calculations and growth caps, projecting roughly $3.5 million in lost property-tax revenue through fiscal 2030 and urging the board to weigh transfers and priorities to offset the gap.
Revere’s treasurer told the school board on Jan. 15 that several bills signed by the governor will reduce the district’s property-tax revenue, forecasting a cumulative loss of about $3,500,000 through fiscal year 2030.
The treasurer said one measure, House Bill 129, removes an exemption that previously kept certain emergency or substitute levies from counting toward the 24 calculation, meaning those levies “now count toward the 24,” and the district is no longer treated as at the “20 mil 4” status. He described that bill as the single largest, most-certain near-term revenue hit.
He…
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