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Selectboard reviews FY2027 draft budget projecting $1.1M revenue increase
Summary
Town Treasurer presented a draft FY2027 budget showing projected income up about $1.1 million and total budgeted expenses around $3.6 million; board discussed new assistant clerk position, higher audit and legal costs, and plans to finalize the budget at a future meeting.
Town Treasurer Tina Labeau presented the Selectboard with a draft FY2027 budget, saying the town’s revenues were "projected to be up $1.1 Million" while total budgeted expenses were about $3.6 million. Labeau outlined revenue shifts — steady property taxes, an increase in Current Use receipts, higher recording fees and licensing revenues, and Pay-as-You-Go vending receipts rising to about $17,000–$19,000 per month — and cautioned that some revenue lines (investment income, highway aid) could vary year to year.
On the expense side, Labeau identified a proposed 3% cost-of-living adjustment for staff and the addition of a full‑time assistant clerk/office manager (40 hours plus benefits). She also flagged higher audit costs (a single audit may be required because of the wastewater project), increased legal expenses, expanded office and IT costs tied to new town office space, and planned reserve funding for park infrastructure. The Selectboard did not approve the budget at the meeting and directed staff to update the draft before formal adoption at a later meeting.
