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Selectboard reviews FY2027 budget, projects roughly 7% tax impact

Selectboard of the Town of Chebeague Island · April 15, 2026
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Summary

The Selectboard reviewed the FY2027 municipal budget, which shows an overall municipal increase of about 5% and an estimated tax impact of approximately 6.97%; the board asked staff to prepare a plain‑language public summary explaining the tax effect.

The Selectboard reviewed the FY2027 municipal budget, including operating, capital and reserve components. Board discussion noted an overall municipal budget increase of approximately 5 percent and an estimated tax impact of about 6.97 percent, a change the minutes attribute largely to reduced reliance on the undesignated fund balance and increased reserve funding.

Selectboard members instructed staff to prepare a public‑facing budget summary explaining the tax impact in plain language. No final budget adoption vote is recorded in these minutes; the discussion focused on review and public communication steps.