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Alton selectmen approve 2026 budgets, use $1.25 million to lower next year’s tax rate
Summary
The Alton Board of Selectmen voted to use $1,250,000 from the town's fund balance to offset a proposed 2026 town tax rate spike and approved a package of departmental budgets and revolving funds after a multi-hour budget review.
The Alton Board of Selectmen voted on Nov. 12 to withdraw $1,250,000 from the town's unassigned fund balance to reduce a projected jump in the 2026 town-only tax rate.
Town staff told the board the proposed 2026 town rate would be roughly 14.05 mills, up from the current 12.98, in large part because a one-time FEMA payment of about $741,000 that had bolstered 2024 revenues is not available this year and because voters approved several warrant articles that add to town expenditures. Staff…
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