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Select Board approves FY27 budget, sets property tax to raise $1.4 million
Summary
Mount Holly Select Board approved a $1,400,640 FY27 budget that raises property tax revenue by 11.46%; the Board said use of prior surplus reduced the tax impact and the budget will go to town vote.
The Mount Holly Select Board on Jan. 13 approved the town’s FY27 budget, setting the amount to be raised by property tax at $1,400,640 — an 11.46% increase over the current year. The Board voted unanimously to finalize the budget during the meeting.
Town Treasurer Elizabeth Karle told the Board that delinquent tax collections have improved and the town’s cash balance is holding steady, but winter labor and materials costs are driving higher expenses. Karle said state paving grant reimbursements are still pending. The Board’s budget includes greater use of last year’s surplus to reduce the tax increase; without that buy‑down, the tax increase would have been “almost 20%,” according to Karle’s summary of the final figures.
Mark Turco moved to approve the FY27 budget; Diana Garrow seconded the motion and the vote was unanimous. The Select Board will include the approved figures in the Town Meeting warning and the budget will be presented for voter approval at town meeting.
