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Town manager proposes 2025 budget with modest municipal increase; highlights roads, capital warrants and schedule for deliberative session
Summary
Town Manager Rick Sawyer presented a FY2025 manager’s budget on Oct. 23 proposing a roughly 3.1% municipal increase over the default and an overall package that would raise the town portion to an estimated 3.67 (about $72/year on a $600,000 home). He outlined proposed capital warrant articles including a recommended fire substation (~$9M), parks projects (~$3.23M) and a $2.8M capital budget, and set a schedule for workshops, public hearings and a Feb. 3 deliberative session.
Town Manager Rick Sawyer presented the proposed 2025 municipal budget to the Bedford Town Council on Oct. 23, describing the process, the effect on the town portion of the tax rate and a slate of potential warrant articles for voters.
Sawyer said the manager’s general-fund appropriation is about 3.1% over the default budget and that the combined funds in his proposal amount to slightly more than 3% over the default. "The default budget calculation ends up being 2.6% over the 2024 adopted," he said, noting the municipal portion comprises roughly 22% of a typical tax bill. He recommended using $1,250,000 of unreserved fund balance to offset some of the impact and said that would bring projected unreserved balance to about 10.8% at year-end ("I am recommending the use of $1,250,000 of fund balance to…
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