The FY20 budget and FY20-FY24 capital improvement program (CIP) and budget were approved by voters at Town Meeting on March 5th.
The FY20 Budget as approved is $1,971,058, an increase of 4.6% (+$87,372) from the budget for FY19. The projected impact on the municipal portion of the property tax rate is an increase of 2.13 cents per $100 (+5.1%) of assessed value; the increase for owners of homes assessed between $200,000 and $400,000 is estimated to be between $43 and $85 for the year.
Voters added $35,000 to the budget from the floor: $10,000 to restore the transfer to the Restroom/Recreation/Conservation reserve and $25,000 to the paving reserve. A copy of the FY20 budget, FY20-FY24 CIP, and debt service table are below.