Building a Sustainable Budget: Essential Guide for Municipal Finance Officials

Division of Local Services outlines key strategies for effective financial management, from Proposition 2 1/2 to capital planning

Municipal finance officials need to master several essential building blocks to create sustainable budgets and maintain fiscal health, according to experts from the Massachusetts Division of Local Services (DLS).

Property taxes, which form the largest revenue source for most communities, are governed by Proposition 2 1/2, which sets two key limitations o…