from the Massachusetts Municipal calendar:

AUGUST  1
Accountant:  Notification of Total Receipts of Preceding Year The total actual local receipts (e.g., motor vehicle excise, fines, fees, water/sewer charges) of the previous fiscal year must be included on Schedule A of the Tax Rate Recapitulation Sheet (Recap) which is submitted by the Assessors to DOR. On the Recap, the Accountant certifies the previous fiscal year’s actual revenues, and the Assessors use this information to project the next fiscal year’s revenues. Any estimates of local receipts on the Recap that differ significantly from the previous year’s actual receipts must be accompanied by documentation justifying the change in order to be approved by the Commissioner of Revenue.

Seems like a good guide a good for someone putting together a spending plan showing where the money will come from to pay for it all.


posted by Jeff Bennett