Government & Politics
Town Administrator’s Budget Proposal Reduces Spending by 0.42%
|
Spending on the non-education part of the town budget (which is only about a quarter of total town spending) would go down 0.42 percent under the proposal Town Administrator Kathleen Buch presented to the Board of Selectmen on Monday night. “The town budget’s flat,” Buch said. Total spending would be $45,980,169 — down $194,463 from last year. (That amount would knock 0.02 from the mill rate, if everything else were equal, such as an education budget that was no larger than this year’s. Buch said it takes about $85,000 to reduce the tax rate by one one-hundredth of a mill, which is the amount of taxes for every $1,000 of assessed residential property value.)
Buch pointed to several factors that allowed overall spending to decrease:
Debt service this year is down by $925,721, since the town hasn’t been borrowing as much as it used to.