Local Revenue Sources As a municipal school district, the main source of revenue for the operation of the Newton Public Schools is local property taxes and other municipal revenues. The other revenue sources include state education aid, commonly referred to as Chapter 70; fees and tuition collections applied as offsets to the general fund; and grant awards including donations. Chapter 70, or state education aid, funds are dependent on the state funding formula and the state’s General Appropriations Act (GAA). Below is a summary of revenue sources to support the Newton Public Schools on an annual basis (FY’24 Data):
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