The town of Leverett is approaching a budget crisis.
Proposition 2½ is a Massachusetts law that requires a town to keep its annual property tax levy below $25 of every $1,000 of assessed property value. If a town gets too close to the $25 ceiling, property revaluation can suddenly put the town over the ceiling, and trigger a legal requirement to cut taxes.
Those tax cuts would require sudden and devastating budget cuts to fire and police departments, the library, and especially the school. Mindful of this risk, the Leverett Select Board and Finance Committee have requested budgetary caution from all town departments.
At $19.73 in 2021, the Leverett tax rate has little room to grow. Simply put, our town can’t raise taxes to close budget gaps, even if we’re willing to pay more.
To learn more about the impact of the tax rate on Leverett seniors and residents with disabilities, and to contribute to a relief fund, visit https://leverett.ma.us/p/61/Tax-Relief.