Wells board hears FY2027 budget proposal that would raise tax rate by 4.02%

The Wells Select Board on May 19 held an informational public hearing on the town’s proposed fiscal year 2027 budget, presenting a plan that trims capital spending and would result in a 4.02% gross tax increase and a proposed tax rate of $6.74.

The board’s presenter said the capital program was reduced from “just over $5,000,000” and that projected property tax revenues are expected to increase by about 0.9%. The package includes two personnel additions: a life-safety inspector budgeted for one quarter (anticipated to start in April 2027) and a full‑time facilities assistant budgeted for three quarters (anticipated to start in October). The presenter also noted four union contracts are under negotiation.

Officials flagged a 12% rise in health‑insurance costs and an earlier‑than‑expected start to a paid family medical leave tax, which was noted as having taken effect May 1 rather than the previously expected July 1. Those pressures, the presenter said, contributed to the need for the modest tax increase.

The board took questions from residents seeking article and line‑item clarification; a board member identified the life‑safety inspector position as tied to Article 14 of the warrant. After public questions, a motion to close the budget public hearing was made and approved 5‑0.

Why it matters: the presentation outlines where operating pressures — wages, insurance and required staffing — are driving the modest tax increase. The town will set final tax rates after the assessing office’s valuation comes in and the board completes its warrant decisions in late July or early August.

What’s next: this was an informational public hearing. The board closed the hearing and will continue through the warrant process and subsequent votes as the town finalizes the FY2027 budget.