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Infrastructure surtax sunsets; town flags lower paving funds, lists utility capital needs
Summary
Staff told council the infrastructure 'penny' surtax will sunset and the town expects roughly $346,000 in that fund next year versus about $1.2 million historically, reducing available paving and ad‑hoc project funding. The finance director also listed $2.3 million in utility capital projects and a projected $500,000 revenue increase for the utility fund.
Finance Director Steven Kaplan said the town’s infrastructure surtax (the "penny tax") is sunsetting, and the town anticipates receiving about $346,000 next year compared with the roughly $1.2 million it has collected in recent years. "Come December 2025, we will no longer be levying this tax," Kaplan said, and staff warned that the drop will limit ad‑hoc paving and capital flexibility.
Kaplan also outlined the utility fund’s needs: the water and sewer fund shows an anticipated $500,000 revenue increase (partly from a CPI‑based rate adjustment) and $2.3 million of capital projects listed for the next year. Staff said many infrastructure projects are necessary to avoid future crises and that some projects rely on uncertain state or federal funding.
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