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Select Board reviews budget forecast, tax-rate drivers, proposed TIF district and stormwater planning article
Summary
Staff presented a budget forecast that reflects reassessment-driven valuation changes and a proposed operating budget increase; the meeting also covered a proposed Tax Increment Financing (TIF) district for Route 10 and a $100,000 warrant article to fund a comprehensive stormwater plan.
Town staff briefed the Select Board on the draft 2025 budget, tax-rate drivers and several related warrant articles including a proposed Tax Increment Financing (TIF) district for the Route 10 corridor and a $100,000 article to fund a comprehensive stormwater improvement plan.
Staff said the town portion of taxpayers’ bills accounts for about 27% of the total tax bill in recent data, and that reassessment in 2024 changed valuations; staff modeled tax-rate estimates using 2024 values. The draft budget discussion noted a projected increase driven by personnel costs (wages, benefits), health insurance and…
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