Town Manager Richard J. Johnson presented a $145.9 million proposed budget during the annual town meeting Wednesday night.
The proposed 2013-14 budget represents an increase of 3.55 percent from this year’s budget, and would raise the town’s revaluation-adjusted mill rate from 34.1 mills to 35.5 mills. The increased mill rate would represent a 3.16 percent tax increase to town residents.
The proposed budget includes $37.3 million for town expenditures, an increase of 2.3 percent; $94.7 million for education, an increase of 4.25 percent; and $13.9 million for debt payments and fund transfers, an increase of 2.3 percent.
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“This year’s budget continues efforts to minimize the cost of town operations while retaining the quality of programs, services and facilities,” the town manager said Wednesday night.
Johnson said he removed $722,000 from town budget requests before Wednesday’s town meeting. Johnson noted that over 65 percent of the town budget accounts in the proposed spending plan either decreased or stayed the same from the previous year.
The proposed budget must now be reviewed by the board of finance and the town council
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