Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Fiscal Planning topic
No spam. Unsubscribe anytime.
Board previews 2025'26 budget; mill-rate projection 22.28 without tax increases
Summary
Board reviewed mill-rate calculations based on the 2024 grand list and discussed bonding options for a firehouse and the town's lack of dedicated grant-writing capacity; the meeting was informational and no votes were taken.
Board members reviewed preliminary fiscal-year planning at the Feb. 3, 2026 informational session. Mill-rate calculations using the 2024 grand list (39.18) produced a projected mill rate of 22.28 if there are no tax increases; board members noted that historical tax increases have averaged about 3.2% a year.
Bonding options for a potential firehouse were discussed; participants noted a 40-year bond is not available and that a 20-year bond is typical, with total repayment estimates discussed in the context of roughly $14 million in borrowing. The minutes record that the town currently lacks a dedicated grant-writer, and board members identified grant writing as a priority to help offset costs.
The review was informational; no votes or formal approvals occurred. The consolidated budget, incorporating departmental proposals, will be forwarded to the Selectmen for their review.
