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Select Board reviews tentative budget, projects a modest tax increase
Summary
At a special session, Middletown Springs Select Board reviewed the draft FY budget, discussed highway project reserves and library requests, and calculated preliminary amounts to be raised by property tax: roughly $360,966 for town operations and $436,800 for highways under current assumptions.
The Select Board met in a special budget session where members and staff worked through a revised spreadsheet of line items and revenue offsets to determine amounts to be raised by property taxes. Chair called the session to order at 07:01 and the board reviewed revenue offsets and grant items that reduce the town’s tax requirement. "Calling this meeting to order at 07:01," the Chair said as the board began its review.
Board members discussed offsets for highway revenue, current‑use payments and interest penalties, and staff ran updated totals on the fly. One select board member summarized the working totals for town and highway as about $360,966 and $436,800 respectively under the current entries, and staff said the overall budget increase ranged roughly between 2.7% and 4.7% depending on final appropriations. The board agreed to circulate a corrected spreadsheet before the warning deadline and set a follow‑up meeting to finalize numbers.
