Article 5

For information on the Elementary School proposed FY25 operating budget, please use this link.

NOTE:  At this time, we anticipate that Article 5 will be offered as a "contingent appropriation."  This means that although the appropriation could be approved at the Annual Town Meeting, that appropriation would be fully contingent upon successful passage of the related Proposition 2½ ballot question.  Should the override question fail, the appropriation would be rendered null and void.

ARTICLE 5.  To see if the Town will vote to raise and appropriate or transfer from available funds the sum of $599,170 for the purpose of additionally funding the Fiscal Year 2025 Elementary School Budget; provided, however, that the appropriation authorized herein shall be subject to and contingent upon approval of the voters at the Town Election to assess additional real estate and personal property taxes in accordance with the provisions of Proposition 2 1/2, so called; or take any other action thereon.

                              Sponsored and supported by the Elementary School Committee

                              Finance Committee recommends adoption of this article                          

                              Select Board recommends adoption of this article

COMMENT:  Article 5 is an operational override that would need to be approved at Town Meeting in order to fully fund the proposed FY25 elementary schools operating budget.  An override increases the amount of property tax a community may raise in the year specified and becomes a permanent increase in taxing authority.  For the override to be enacted, it needs to pass by a majority of votes at both May 14, 2024 Town Meeting and Town Election May 21, 2024.  Article 5 is an override totaling $599,170.  Additional information on the elementary school budget can be found on the Tri-Town union website, https://www.tritownschoolunion.com/committees/boxford-sc.