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That was the bottom line takeaway last week when Town Manager Jason Hoch presented the FY22 budget to the town s Finance Committee. What is unknown at this point is the size of an increase in the assessment from the Mount Greylock Regional School District. Total education outlays (which includes a much smaller assessment from McCann Tech) accounts for about 52 percent of the revenue raised by property taxes in FY21. One day after Hoch s presentation to the Fin Comm, the Mount Greylock School Committee heard from the administration that it will be proposing a budget that seeks 1.67 percent more from Williamstown in the coming fiscal year.
On Thursday, the School Committee held its annual public hearing on the budget. In year s past, that has been the night the panel votes to approve the spending plan it will send to member towns Lanesborough and Williamstown with the property tax assessments voters will consider at their respective annual town meetings. I m going to keep on saying draft, draft, draft all night long because this is a work in progress, Business Administrator Joe Bergeron said in presenting the budget to the board. As recently as March 3, the district told the Williamstown Finance Committee that it would be ready with final budget numbers for the Fin Comm to review at its March 17 meeting.
Updated Mar 06, 2021 | 17:45 IST
Rajya Sabha MP Sushil Kumar Modi highlighted that the share of divisible pool is slowly shrinking as the cess and surcharge component in Gross Tax revenue is increasing 15th Fin Comm opted for continuity, predictability in deciding tax devolution to states: NK Singh | Photo Credit: BCCL
New Delhi: The 15th Finance Commission opted for continuity and predictability and hence retained the share of tax devolution to states at 41 per cent of the total pool, its chairman NK Singh said on Saturday.
Speaking at a webinar organised by the Centre for Policy Research (CPR), Singh said each Finance Commission in the past has somewhat increased the total amount of devolution to states, but the 15th Finance Commission weighed all the options considering that the fiscal space of both states and the Centre has shrunk on account of the COVID-19 pandemic.
Those were two of the takeaways from a presentation to the town s Finance Committee on Wednesday. Mount Greylock Superintendent Jason McCandless and Business Manager Joe Bergeron met virtually with the town panel not to discuss specifics of the FY22 budget the district is formulating but to discuss some of the inputs that help build that budget. Bergeron did not provide any specifics about the planned budget for the three-school district or its impact to property taxpayers in Lanesborough and Williamstown. He said those numbers would not be finalized until next week when the School Committee holds its annual public hearing on the budget.