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Selectboard reviews FY25/26 18-month budget; FY27 tax rate tabled to July 27
Summary
The Selectboard reviewed the 18-month FY25–26 budgets and found Town Funds ended under budget pending audit; the board tabled the FY27 tax-rate decision until July 27 and confirmed tax-billing and payment dates.
The Board completed a line-item review of the 18-month budget covering Fiscal Years 2025–26 (Jan. 1, 2025–June 30, 2026). Town Administrator Matt Frederick said revenues exceeded expectations in areas such as interest income and Town Clerk fees, while certain expense lines—electrical and fuel—exceeded budget. Overall, Town Funds finished the cycle under budget pending completion of the contracted audit by Mudgett, Jennett & Krogh-Wisner; final numbers will be reviewed again during the FY28 budget process and presented in the 2026 Annual Report at Town Meeting in March 2027.
The Selectboard tabled the FY27 tax-rate decision to the July 27 meeting; staff noted tax bills will be mailed after that meeting once the rate is set. The FY27 tax bill will be payable in two equal installments, due Oct. 30, 2026 and Apr. 30, 2027.
