East Greenwich Proposes 4.93% Tax Levy Increase Amid Budget Discussions

East Greenwich Town Council is navigating a significant budgetary shift as it prepares for the upcoming fiscal year. During the meeting on May 12, 2025, Finance Director highlighted a proposed tax levy increase of 4.93%, which translates to nearly $3.2 million. This marks a departure from the town's historical practice of staying under the 4% maximum levy, necessitating a petition for an exception.

The proposed budget reflects a notable increase in the residential tax rate, rising from $14.73 to $15.46. This adjustment comes after a substantial reduction of over 32% in the previous year. Meanwhile, the commercial tax rate is set to increase from $24.93 to $27, a rise of 8.3%, due to a 20-30% increase in commercial property values.

The overall budget for the town is projected at just over $90 million, with the school department receiving a 4% increase, amounting to approximately $43 million. This figure does not account for additional state or federal revenues, which could elevate the total school budget to over $51 million. The general fund, primarily supported by tax dollars, is expected to see a proposed increase of $732,000, bringing it to just over $18.7 million.

Debt service is also a significant factor, with an increase of nearly 20.5%, totaling just under $4.3 million. The library budget is proposed at just under $600,000, reflecting a modest increase of $10,000.

As the council moves forward with budget discussions, the implications of these financial decisions will be closely monitored by residents. The council is set to engage with municipal departments to further refine the budget and address community needs. The upcoming discussions will be crucial in determining how these proposed changes will impact East Greenwich residents and services in the coming year.