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Brentwood Town board sets tax rate at $17.13, opts not to draw on fund balance
Summary
The Brentwood Town board voted to set the town tax rate at $17.13 and to leave the fund balance untouched after members said the per-household savings from alternative rates was minimal.
The Brentwood Town board voted to set the town—s tax rate at $17.13 and to retain the current fund balance, board members said during a brief discussion and roll call vote.
Members opened the discussion with staff calculations showing the practical effect of alternative rates on typical homes: Speaker 2 and Speaker 1 presented figures showing that at a 5% rate a $600,000 home would face a town tax amount of $10,182, while a roughly 5.83% figure…
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