Before the final session of the Belmont Town Meeting held on Monday, May 12, to discuss non-budgetary articles, the Belmont Board of Selectmen approved a fiscal 2015 town budget that will bring Belmont closer to reaching nine figures.
The budget – which includes the gross amount of both general government and the school district – which will begin on July 1, 2014, is pegged at $95,238,925, a 3.76 percent increase from last fiscal year’s total of $91,781,259, a difference in real dollars of $3.46 million.
The Belmont School Committee will discuss and approve the fiscal ’15 district budget tonight, Tuesday, May 13, at 7:30 p.m. in the Chenery Middle School. But that number was set back in February at $46,156,000 (excluding government grants). That is an increase of $1.8 million from fiscal ’14, an increase of 4.1 percent.
In comparison, a decade ago, the town’s fiscal 2005 budget topped at $76.6 million with the schools coming in at $31.3 million.