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Selectmen recommend 2.5% budget guideline; discuss valuation gains and road funding
Summary
The Board recommended department heads use a 2.5% guideline for budget submissions, noted a $16M+ valuation increase that could yield roughly $200,000 in additional tax revenue, and discussed the need to fund an ongoing road program previously paid from capital reserves.
The Greenland Board of Selectmen recommended that department heads use 2.5% as the guideline for budget submissions this cycle while allowing departments to justify higher or lower requests.
Paul, the town administrator, told the board the packet shows a consumer price index (CPI) of 2.5 percent and reported the town's valuation rose by a little over $16,000,000 from last year. "If we take our existing tax rate of $12.27 and multiply it by that increase in value, you get 200 and $1,000," Paul…
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