Proposed budget calls for 1.74% increase, referendum set for May 15

STAFFORD —  The Board of Finance is considering a $41,322,704 proposed budget for the 2019-20 fiscal year.

The proposed budget includes $10,410,449 for the Board of Selectmen, an increase of $195,282 or 1.91 percent; $571,188 for the Stafford Public Library, an increase of $29,079 or 5.36 percent; $2,288,850 for debt service, an increase of $88,040 or 4 percent; and $28,052,217 for the Board of Education, an increase of $393,217 or 1.42 percent.

Overall, the budget would increase $705,618 or 1.74 percent.

The mill rate would be set at 34.93, an increase of 0.67 mills. A mill represents $1 in tax for every $1,000 of assessed property value. A homeowner with a property assessed at $130,000 would pay $4,540.90 in property taxes.

The Annual Town Meeting will be held at 7 p.m. May 8th at the Stafford Community Center. The budget referendum will be from 6 a.m. to 8 p.m. May 15th.

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