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Presenter outlines about $121 million FY27 budget; levy rise driven by high-school debt exclusion
Summary
A presenter said the town's proposed FY27 budget runs about $121 million and would raise the tax levy by $6.8 million (9.2%), largely because $70 million borrowed for a new high school generates a $4.1 million debt exclusion; the plan also flags a growing health-insurance deficit and emergency-management accreditation efforts.
The presenter said the town's proposed fiscal 2027 budget runs about $121 million and would increase the total tax levy by roughly $6.8 million, or 9.2 percent, from the prior year.
"You're going to look at a budget this year that runs about $121 million," the presenter said, adding that roughly $800,000 in new growth and 5.2 percent in local receipts are supporting the proposal.
Why it matters: much of the levy increase reflects borrowing for a new high school. The presenter said the town has already borrowed $70 million for the project, which is expected to begin construction in June and to produce new tax-bill charges beginning in January. "Our the debt exclusion accounts for $4.1 million of that $6.8," the presenter said, arguing that if the debt exclusion were removed the levy increase would be closer…
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