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Isle La Motte Selectboard weighs using surplus for reappraisal exceeding $100,000
Summary
The Board discussed using surplus funds to reduce taxes, add to capital reserves, or fund a town-wide reappraisal estimated to cost more than $100,000; members said they may place a ballot article before voters to dedicate surplus funds for reappraisal.
Selectboard members reviewed multiple options for surplus funds at the Jan. 26 meeting, including reducing property taxes, adding to the capital projects fund, or saving toward a specific new project. The Board noted that a town-wide reappraisal would cost in excess of $100,000 and said it would consider adding a ballot article to allocate a portion of the surplus to that reappraisal.
The discussion did not culminate in a final decision but set direction for staff to explore the mechanics of dedicating surplus funds and drafting possible ballot language. Members also considered directing surplus toward the reappraisal account as an alternative to one-time tax relief.
