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Rangely council adopts 2026 budgets, certifies mill levy and related resolutions
Summary
Council approved multiple 2026 budgets and resolutions including town fund budgets, the Rangeley Foundation budget, housing authority budget, and certified the 2025 mill levy used for the 2026 budget year.
The Rangely Town Council approved a slate of budget-related resolutions for fiscal year 2026, including Resolution 2025-06 (town fund budgets), Resolution 2025-05 (Rangeley Foundation budget), Resolution 2025-07 (Housing Authority budget) and Resolution 2025-08 certifying the 2025 mill levy (tax base $20,612,140 at 10 mills). Each resolution was moved, seconded, and carried by voice vote.
Town staff explained how numbers in the resolutions relate to available cash versus GAAP fund-balance figures, noting GAAP adjustments (depreciation and capital) affect reported fund-balance lines but do not change cash available for spending. Staff also described two corrections to resolution line items: removal of a trailer purchase already completed (approx. $12,000 budgeted) and correcting a wastewater revenue entry to a $37,500 grant.
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