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Canterbury select board presents 2025 municipal budget; $500,000 from reserves used to lower taxes
Summary
Select board members outlined a 4.9% increase in the town operating budget for 2025, described $500,000 draw from unreserved fund balance to reduce taxes, and reported capital projects and personnel changes including broadband completion, ARPA-funded dirt-road repairs and police promotions.
The Town of Canterbury select board presented a proposed $3,485,250 general municipal operating budget for 2025 and said it will use $500,000 from the town’s unreserved fund balance to reduce the tax burden for this year.
Why it matters: The $500,000 draw is described by the select board as a one-time measure to ease what they said were high December tax bills; officials warned the town cannot repeat that use of reserves indefinitely and outlined staffing, insurance and capital pressures driving the budget increase.
Select Board Chair Scott Doherty summarized the town’s financial position before the assembly voted on the budget. Doherty said the town entered the process with a healthy unreserved fund balance of $1,408,380 and capital reserve savings of…
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