Massachusetts Finance Laws

Many laws govern budgeting in Lexington and the Commonwealth of Massachusetts. Several links are provided below to help you find out more about Proposition 2-1/2, about the property tax and what sources of aid the Town of Lexington receives. 

State Aid

The Cherry Sheet is 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