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Erie council certifies 2026 mill levy and approves year‑end supplemental appropriations
Summary
Finance staff presented and council approved a year‑end supplemental appropriation and certified the 2026 mill levy. Staff said higher assessed valuations reduced the debt rate; the council certified a 13.237‑mill total rate and approved targeted appropriations for grants, insurance proceeds and capital transfers.
Town finance staff presented a year‑end supplemental appropriation and the 2026 mill‑levy certification at the Dec. 9 Erie Town Council meeting.
Fiscal and Budget Manager Cassie Bethune and Finance Director Sarah Hancock outlined revenue and appropriation changes: appropriation of a $500,000 RTD partnership grant and a matching $500,000 sponsor contribution, two grants totaling about $1.35 million for Scofield Farm, $69,000 for a water‑smart turf replacement program, and $596,000 in insurance proceeds related mostly to a hailstorm. Staff noted adjustments to correct prior fund allocations and appropriations for previously approved contracts.
Staff also explained the mill‑levy calculation. Bethune said the town's debt rate is 1.949 mills and the total town rate will be 13.237 mills per $1,000 of assessed valuation. When asked whether taxes will rise or fall based on the calculation, staff responded, "Down," explaining that higher property valuations mean the town does not need to collect as much in taxes to meet debt obligations. Council moved and approved the supplemental appropriations and certified the mill levy as required by statute; both actions were adopted by voice vote at the meeting.
