The average town homeowner will see their taxes increase, despite a reduction in the mill rate under the budget adopted at the Annual Town Meeting on May 8. Residents voted 69-46 by paper ballot to adopt a $59,304,109 budget for the 2019-20 fiscal year. The budget includes $35,547,870 for the Board of Education, an increase of 2.13% or $740,638; $3,277,175 for debt service, an increase of 2.21% or $70,900; $3,883,406 for capital expenditures, an increase of 13.26% or $454,502; $500,000 for contingency, an increase of 38.89% or $140,000; nothing for transfer to OPEB, which last year was $148,220; nothing for transfer to insurance fund, which last year was $500,000; nothing for transfer to CNRE fund, which last year was $250,000; and $16,095,658 for general government operations, an increase of 2.875% or $449,310. Overall, the budget is an increase of $957,130 or 1.64%. The tax rate reduction is due to the...