At last week's Winthrop School Committee meeting, good news for the town's financial position gave hope for the upcoming fiscal year. The preliminary state budget and Cherry Sheet figures released by Governor Maura Healey revealed a marked increase in the state's contribution towards the school budget. Town Manager Tony Marino stated that the state aid number was estimated to increase by a whopping $1.8 million, with $1.7 million of it earmarked for educational expenses.

The town is developing a base budget calculation, which assigns a certain percentage of town and school expenses to the budget total. Marino explained that, in most towns, the schools tend to be 60-65% of the operating budget. Sarah Johnson, a financial consultant who worked with Marino in Ipswich, helped develop the base budget calculation. Johnson indicated that the total revenue amount for Fiscal Year '24 is somewhat optimistic, totaling to roughly $59,377