According to the Operating Budget, School Department is budgeted for Fiscal Year 2017 $76,099,203 out of a total Operating Budget of $165,465,347. This results in just under 46% of the Total Operating Budget to the School Department.
Previous Years:
2016 Budget: $73,296,591
2015 Expended: $70,904,452
2014 Expended $68,927,593
Town Revenues projected for Fiscal Year 2017: $177,992,527
You can view the Finance Committee Report here: http://ma-andover.civicplus.com/ArchiveCenter/ViewFile/Item/236
The Andover Fiscal Year 2017 Operating Budget can be found here: http://ma-andover.civicplus.com/ArchiveCenter/ViewFile/Item/259
Points of Interest:
The developer indicates that 2/3 of the new revenue generated by this project for the Town of Andover. There is nothing to enforce this and there is no information to support that from prior projects. The revenue from these projects is mixed in with the other revenue and is allocated according to the budgets.
Questions:
How can the additional revenue be guaranteed to the schools?