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Interlaken Council approves amended 2026 budget, preserves current tax rate
Summary
The Interlaken Town Council on Aug. 25 unanimously approved an amended fiscal 2026 budget that preserves the town's current tax rate, increases transfers to road and water reserves and reflects unspent funds from the prior year.
The Interlaken Town Council unanimously approved an amendment to the town's fiscal 2026 budget on Tuesday, preserving the current property tax rate rather than enacting a planned tax increase.
The amended budget keeps the town's existing tax rate after staff said the town missed a state deadline that would have been required to hold a public hearing for a tax increase. "We were not informed in time of the new state requirement for public hearing notifications ... we were not able to increase taxes this year," Staff member Bart said during the presentation.
Councilmember (unnamed) moved to approve the amendment, and a second motion carried without opposition.
The amendment raises anticipated revenue in several line items based on lower-than-budgeted spending in the prior year and revised estimates for…
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