Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Mill Rate topic
No spam. Unsubscribe anytime.
Canterbury Board of Finance votes to present 17.36 mill rate, $17.8M budget to selectmen
Summary
At a workshop, the Board of Finance voted to present a proposed mill rate of 17.36 and a $17,808,869 budget package to the Board of Selectmen, using $954,442 from the unassigned fund balance to reduce the rate.
The Board of Finance voted to present a proposed mill rate of 17.36 and forward a budget package to the Board of Selectmen that totals $17,808,869, including a town budget of $3,719,693, a CIP of $431,736 and an education budget of $13,657,446. "Mill rate of 17.36," said Committee member (S5) when moving the motion to present the package.
Staff walked the board through a revised worksheet and calculator showing how percent reductions, mill-rate adjustments and recognition of supplemental revenues affect the projection. The board agreed to recognize part of supplemental motor-vehicle and delinquent-tax revenue on the worksheet while using $954,442 from the unassigned fund balance to lower the immediate mill-rate impact.
Supporters said the mixed approach avoids a large permanent rate increase while giving voters a clear package to consider. The motion to present the budget and mill rate to the Board of Selectmen was seconded by Committee member (S2) and carried on a voice vote; members did not record a roll-call tally.
