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Finance staff propose modest revenue increases tied to permits, rescue billing and moorings as part of FY26 outlook
Summary
Staff recommended modest upward adjustments to revenues in the draft FY26 figures — truing up motor-vehicle excise receipts, an increase for building-permit revenue tied to local development, a 20% rescue-billing increase and adjustments to mooring and other fees — while noting final property valuations remain pending.
At the April 28 Finance Committee meeting staff reviewed revenue assumptions underlying the FY26 budget and proposed a handful of upward adjustments to better align the draft budget with recent activity.
Helene told the committee staff trued up motor-vehicle excise-tax projections after trending data showed stronger collections; she said the town is seeing motor-vehicle excise revenues closer to $2.5 million and that…
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