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Council Gets Budget Proposal for FY 1987

The proposed education budget is $51.8 million, up from last year's $49.3 million. (see story this page)

The education allocation would be funded with half of the new state aid and $500,000 of hotel/motel tax revenues in addition to other sources.

In his message, Healy wrote that "Cambridge is currently enjoying unprecedented economic and financial good health."

Federal revenue sharing is expected to decrease by 67 percent to $500,000 and Community Development Block Grant funds are expected to decrease by 28 percent or almost $1 million.

With this in mind, he said, the budget proposes to increase the capital program to more than $17 million from $6.5 million.

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To fund this increase, the budget recommends that the council pass a bond authorization of $9 million as the first phase in a five year program, The budget says that this is "made possible by the city's strong financial condition."

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