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Selectmen review preliminary 2025 budget; payroll at about $2.32 million, retirement rates to drop next July

Greenland Board of Selectmen · October 7, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Town staff presented a preliminary budget using last year's appropriations plus a 2.5% baseline increase, showing payroll appropriations around $2,318,000 for 2025; staff said retirement contribution rates are expected to fall on July 1, 2025 and that a special meeting may be required to set the tax rate once DRA responds.

Town staff presented the Greenland Board of Selectmen with a preliminary budget packet on Oct. 7 that uses last year’s appropriations as a baseline and applies a 2.5% increase to produce the draft 2025 figures. The packet included a department breakout showing payroll appropriations of just over $2,318,000 for 2025 with police, fire and general government line items highlighted.

The presenter said retirement contribution rates are forecast to fall effective July 1, 2025, which will reduce employer retirement costs across departments; staff noted the reduction…

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