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Committee notes roughly $2.2M Grand List loss after state reappraisal of two utilities
Summary
During its final FY27 budget review on Jan. 20, 2026, Montgomery's Budget Committee noted an approximate $2.2 million reduction in the town Grand List after the State reappraised two utilities and reduced each assessment by about 50%, a factor the committee said affected revenue planning.
The Town of Montgomery Budget Committee discussed an approximate $2.2 million reduction in the town's Grand List during its Jan. 20 final review of the draft FY27 budget. The minutes state the reduction occurred after the State reappraised two utilities and reduced each utility's assessment by about 50%.
Committee members described the reduction as affecting the revenue picture used to build the FY27 spending plan. The minutes do not provide a breakdown tying the reduction to specific line items in the budget or to an updated revenue estimate beyond noting the amount and the cause (state reappraisal of utilities).
The minutes record the Grand List reduction as part of the budget review but do not attribute the numeric estimate to a specific member or provide supporting documents in the text. The committee proceeded to adopt the FY27 budget later in the meeting, recording a 4-0 vote to approve the $1,515,240 spending plan.
