WORCESTER — This is the time of year when city officials are usually well into putting together the municipal budget for the following fiscal year, which begins July 1.
In a little more than two months or so, City Manager Michael V. O'Brien will be submitting his fiscal 2014 budget proposal to the City Council. But the city's budget planning took a big-time hit this weekend when three newly created nonprofit subsidiaries of the University of Massachusetts Medical School paid $40.2 million Friday to acquire land and buildings at the Massachusetts Biotechnology Research Park off Plantation Street.
What do those acquisitions have to do with next fiscal year's municipal budget?
A lot — to the tune of at least $1.52 million or so.