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Budget committee reviews $35.94 million 2025 all-funds budget; town-only tax rate estimate $7.65
Summary
At its Jan. 14 public hearing the Wolfeboro Budget Committee reviewed a proposed all-funds 2025 budget of $35,943,677 and a town-only estimated tax rate of $7.65 (up from $6.73 in 2024). Presenters explained enterprise funds are intended to be supported by user fees and that the general fund — $20,570,784 — drives the tax rate.
The Wolfeboro Budget Committee on Jan. 14 reviewed the town’s proposed 2025 all-funds operating budget and the estimated effect on the town portion of the tax rate.
Sean McDonald, chairman of this year’s Wolfeboro Budget Committee, summarized the proposed all-funds total at $35,943,677; that figure followed a Board of Selectmen proposed recommendation and subsequent committee review. The committee was shown a town-only general fund figure of $20,570,784 — an increase of $1,808,397, or 9.64% — which is the portion used to calculate the town’s tax rate.
Jim, the town…
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