Hubbardston FY26 Budget Portal - Revenue
Fiscal Year 2026 Budget Analysis and Projections
Revenue Overview
FY26 Total Revenue
$11,673,508
Increase from FY25
$569,748
+5.13%
Property Tax Levy
$9,196,823
78.8% of Revenue
Revenue Sources
Property Taxes
$9,196,823
78.8% of Revenue
Local Receipts
$1,662,332
14.2% of Revenue
State Aid
$741,587
6.3% of Revenue
Free Cash
$108,803
0.7% of Revenue
Property Tax Breakdown
Tax Levy Components:
- Base Tax Levy: $8,770,192
- Proposition 2½ Increase: $219,255 (+2.5%)
- New Growth: $125,000 (projected at 90% due to no collections yet)
- Debt Exclusions: $82,377 (fixed debt amount for school roof)
Local Receipts Breakdown
Major Local Revenue Sources:
- Motor Vehicle Excise: $763,980 - Strong motor vehicle revenue in Q2
- PILOT Payments: $427,150 - PILOT adjusted for new assessment values
- Ambulance Revenue: $200,000 - Increased due to strong Q2 reporting
- Various Fees & Permits: $217,202 - Multiple local fees and permits
- Investment Earnings: $25,000 - Higher interest earnings based on market trends
Five-Year Revenue Forecast
Revenue Forecast Analysis:
- Property tax growth projected at 2.5% plus new growth each year
- State aid expected to grow modestly at approximately 3% annually
- Local receipts projected to increase by 2-3% annually
- Reduced reliance on Free Cash for recurring expenses over time
FY26 Revenue Summary
| Category |
FY25 Revenue |
FY26 Revenue |
$ Change |
% Change |
% Collected (as of 2/28/25) |
| Tax Levy |
$8,425,343 |
$8,770,192 |
$344,849 |
+4.09% |
74.50% |
| Prop 2.5% |
$210,634 |
$219,255 |
$8,621 |
+4.09% |
100.00% |
| New Growth |
$134,215 |
$125,000 |
-$9,215 |
-6.87% |
0.00% |
| Debt Exclusions |
$82,377 |
$82,377 |
$0 |
0.00% |
0.00% |
| State Aid |
$733,227 |
$741,587 |
$8,360 |
+1.14% |
71.00% |
| Local Receipts |
$1,517,964 |
$1,662,332 |
$144,368 |
+9.51% |
Various |
| Free Cash |
$145,611 |
$108,803 |
-$36,808 |
-25.28% |
100.00% |
| Total Revenue |
$11,103,760 |
$11,673,508 |
$569,748 |
+5.13% |
-- |
State Aid Details
Unrestricted Government Aid
$579,659
+$25,000 (+4.5%)
State Owned Land
$122,303
+$3,562 (+3.0%)
Veterans & Blind Abatements
$26,477
+$771 (+3.0%)
Library Offset
$13,148
+$383 (+3.0%)
Note: State Aid figures are based on the Governor's H1 state budget estimates and may be subject to change as the state budget process continues.