The 11 percent jump in the tax rate is largely because of the $1 million borrowing approved at town meeting in May. The borrowing to address a number of capital projects is excluded from Proposition 2 1/2 but the tax impact will only last five years.
The City Council on Tuesday approved to continue a split tax rate and to set the commercial shift at 1.71. That will reduce the residential tax rate to $18.62 per $1,000 valuation, down 49 cents over last year, and the commercial/industrial rate at $40.67, down 94 cents from last year.
The Pittsfield school system was particularly a big winner in this year's state budget.
The state's budget includes a $5 million increase for Pittsfield schools over last year. State Rep. Tricia Farley-Bouvier called it a "downpayment" for significant increases to come in the next few years.
The big news in the state's budget is $5.18 billion in Chapter 70 aid for schools, according to state Rep. Paul Mark.
"That is the most in the history of Massachusetts and it is also the biggest increase year over year in this account," Mark said. "I think that is a really positive step toward what we have been working on getting this foundation budget changed."
Funded at $43.1 billion, H. 4000 makes major investments in education, housing, substance use disorder services, health care, and other areas while projecting a more than $476 million deposit into the Stabilization Fund – bringing the fund's balance to more than $3 billion to safeguard the future of vital programs and services.