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South Burlington proposes $58.5M FY2027 budget with 3.3% tax-rate rise
Summary
City Manager Jesse Baker presented a $58.5 million FY2027 city budget that would raise $23 million through property taxes and increase the tax rate 3.3%, while keeping core services intact and using limited one-time funds to reduce property-tax impacts.
South Burlington City Manager Jesse Baker presented the city's proposed FY2027 operating budget on March 2, saying the plan balances maintaining core services with efforts to limit property-tax increases. "So that proposed total city budget in f y 27, is 58,500,000," Baker said.
Baker said the plan would put $37.4 million in the general fund and raise about $23 million through property taxes, producing a 3.3% increase in the tax rate (a change of 0.0178). He said the proposal uses a limited amount of one-time funds to blunt that impact and preserves a $1,250,000 paving allocation added by council last year. "We will see a 3.3% increase in the tax rate," Baker said, and the administration estimated the average condo owner would pay about $54 more and the average homeowner about $79 more next year if voters support the ballot items.
Baker outlined revenue assumptions that underpin the plan: a 1.5% increase in the grand list, a 20% increase in downtown TIF value, contractual labor costs and an assumed 10% rise in health-insurance premiums. He noted that roughly two-thirds of the city budget funds police, fire and public works, while the remaining third covers administration, libraries, parks and related services. The presentation directed residents to southburlingtonvt.gov for detailed budget tables and next steps prior to the town meeting vote.
