Board of Finance 2017

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Board of Finance Approves Budget That Would Raise Taxes 2.46%

Board of Finance Charneski 04-12-17
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The Board of Finance approved a $145.3 million town operating budget and $6.7 million capital budget for the fiscal year starting July 1, which town officials calculate would lead to a new tax rate of $16.16 per $1,000 of assessed value — an increase of 2.46 percent. Board of Finance Proposed Budget at a Glance

Capital, non-recurring budget: $6,710,656
Town operating budget:  $49,429,285
Education operating budget: $95,874,776
Town & education budgets (total): $145,394,061
Grand List (tax base) as of Oct. 1, 2016: $8,512,539,479
Mill rate (tax rate): $16.16 (per $1,000 of assessed value), 0.39 above this year’s $15.77 (a 2.46 percent increase)

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