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Board of Finance pushes to trim tax increase, bonded capital in budget review
Summary
The Board of Finance met to review the town’s proposed 2025 budget, where staff said the draft budget submitted to the board shows a 6.9% year-over-year increase and recommended several reductions to lower the amount to be raised by taxation.
The Board of Finance met to review the town’s proposed 2025 budget, where staff said the draft budget submitted to the board shows a 6.9% year-over-year increase and recommended several reductions to lower the amount to be raised by taxation.
Town staff member Josh said departments produced their operating and capital requests beginning in October and that line-by-line reviews and earlier meetings with selectmen cut about $610,000 from operating requests and about $680,000 from bonded capital in prior reviews. He said the net effect to the headline budget is smaller after actuarial and technical adjustments.
Board member Todd (first name used in transcript) and staff summarized three board goals for the month of review: (1) reduce the amount raised by taxation — staff…
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