Lynn School Finance Comparison FY13 & F14

Here we looked at the school finance information for the fiscal years 2013 and 2014 in the city of Lynn. Are all urban districts facing similar deficits in their net school spending?

Below is a comparison of the over/under amounts related to the required net school spending for select Commissioner's Districts with which Lynn is grouped. This is foundation budget as required by the state plus any carryovers from previous years when the city may not have spent the required amount.

 

While most of these districts are under their required net school spending for both fiscal years, New Bedford and Holyoke were above for both years while Lawrence will potentially be above for the current fiscal year (FY14). Brockton and Lynn are both facing potentially huge deficits between their required net school spending and the actual amount that will be spent.


Below is a comparison of districts on the North Shore.

Danvers, Marblehead and Salem all spent more than $10 million over their required net school spending amounts.


All data taken from: www.doe.mass.edu
http://www.doe.mass.edu/finance/chapter70/compliance.html