2015 Town Budget
For a basic understanding of the town budget and the interrelationship between the town's 27 separate budget funds, see the 2013 Budget and 2014 Budget.
Supervisor's Tentative Budget
Released on October 30th, the $56.7 million budget proposes a 0.86% increase in the "Town" tax rate, the tax that includes the General, Highway and Library funds, the only three town budget funds that all taxpayers pay taxes into, and separate tax rates for the town's 24 additional funds.
The budget is a combination of good news for 2015 but bad news for future budgets because, as explained in the two articles below, the budget kicks the financial can down the road and will mean future higher tax rate increases.
The first article explores how the town’s increasing reliance on fund balance over the past three years has enabled the town to reduce some tax rates and limit the increase in other tax rates.
The second article explores how the increasing reliance on fund balance has had a negative effect on the town’s tax levy limit and what this means for future budgets and tax rates.