Last Wednesday, Governor Patrick submitted his $34.8 billion budget to the Legislature. The proposed income tax hike is part of a comprehensive package aimed at investing in the state's infrastructure and in driving growth, Patrick said.
Take a look at how the numbers affect Lexington:
Cherry Sheet Estimate
Gov. budget ($)Difference ($) Education Funding Chapter 70 state education aid
3,239,906Total education aid
3,230,571General government Unrestricted general government
0 Sub-total, All general government
Under the plan, education aid and general government aid increase for fiscal 2014 over FY13.
Education aid increases more than $3.2 million for FY14, while Chapter 70 education aid alone saw an increase of $3,239,906. General government aid for Lexington increases of $44,571 over FY13.
After factoring in state assesments, total aid to Lexington would increase more than $3 million.
Check out the PDF attached to the above for a complete look at the Cherry Sheet for Lexington.