Massachusetts
Finance Laws
A lot of laws govern budgeting in Lexington
and the Commonwealth of Massachusetts. Several links are provided
below to help you find out more about Proposition 21/2, about the
property tax and what sources of aid the Town of Lexington receives.
State Aid
FY 2007 Cherry Sheet*
*Cherry
Sheet - The official notification by the Commissioner of Revenue
to municipalities and regional school districts of estimated state
aid to be paid and charges to be assessed over the next fiscal
year. It is so named because it originally was printed and
distributed on cherry colored paper.
General
Levy
Limits: A Primer on Proposition 2 1/2
Commonwealth
Resources on Budgeting
Commonwealth
Division of Local Services
Massachusetts General Laws
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Mass. General Laws