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Chapter 70 Education Funding

Monday, January 28, 2013

Governor's Budget Increases Belmont State Aid by $687,000 ... But

Town officials: Patrick's numbers are too early in process to hang town's budget hat on.

Belmont will receive a significant boost in state aid – for both schools and town services – in the coming fiscal year under Gov. Deval Patrick's proposed 2014 $34.8 billion budget he presented to the public on Friday, Jan. 25.  Under his plan, Belmont schools would receive an increase of approximately $633,000 in total education aid from the previous year's budget with the bulk coming in Chapter 70 state funding that jumps to $6.4 million in fiscal '14. The town side would see a small bump up in state aid of just over $53,000 from the actual amount sent to Belmont last year. FY 2013 Receipt ($)  FY 2014  Gov. budget ($) The prospective aid increase would provide Belmont a cushion in a budget year most town officials believe will be a …

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