Tax rate holds steady as budget increases nearly 4.5%

The town’s tax rate is unchanged following the May 14 budget referendum.

By a vote of 293-121, the $33,751,417 budget was approved for the 2019-20 fiscal year. The budget is an increase of $1,443,182 or 4.47% over the current spending plan.

The mill rate will remain 27.37 through the use of reserves from the town’s general fund, according to the town’s budget flyer. A mill represents $1 in tax for every $1,000 of assessed property value.

Under the approved budget, a homeowner with a property assessed at $200,000 would pay $5,474 in property taxes.

The budget includes $7,968,451 for town government, an increase of $449,148 or 5.97%; $23,884,137, an increase of $1,061,626 or 4.65%; $250,000 for capital improvements, which is unchanged; and $1,648,829 for debt service, a decrease of $67,592 or 3.94%.

Out of the town’s 5,652 eligible voters, 414 or 7.29% voted in the budget referendum.

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