The Board of Finance recommends an operating budget of $ 152.7 million to RTM, with a tax increase of 3.15%

The Board of Finance recommends an operating budget of $ 152.7 million to RTM, with a tax increase of 3.15%

Board of Finance Chairman Jon Zagrodzky Image from the meeting video

“Nobody likes a tax increase,” Zagrodzky said, but after to the “scary” budget proposals sent to the Board of Finance, the 3.15% mill rate increase “is much more palatable than what we started with, and not completely out of line, given the mill rate increases we’ve seen in the past. The RTM may cut any of these budgets but not increase spending, and it can’t cut any specific items from the education budget, only the total amount.

The selectmen’s budget, as passed by the Finance Board, would be $46,100,131 in the fiscal year starting July 1; the education budget would be $106,624,199. Those two total $152,724,330 in operating budgets paid for almost entirely through town taxes. Other amounts approved in the package of town budgets approved Tuesday night: an appropriation of $3,279,023 from the Capital Reserve Fund; $4,165,66o from the Sewer Operating Fund; $211,809 from the Sewer Capital Fund; $824,665 for the Parking Lot Administration Fund; $278,632 for the Parking Lot Capital Fund.

During the meeting, there was no debate or discernible disagreement on the budget, and no votes against it on the seven-member board. “But also, frankly, the expenditures that both boards [Education and Selectmen] are having to make, not just for operations, but for things like debt service,” he said. “So when you take all that into account, my general view is that we’ve ended up in a very good place — if you, again, think of everything from the union contract increases to COVID spending to general operating increases across the board. Everybody’s done a great job of trying to keep those well managed.”

—Replacing of Royle School roof — $862,750 The Board of Finance also approved bonds for three separate projects:

The town grand list, a calculation of taxable property as of Oct. 1, 2020, is $8,629,179,259 after successful tax assessment appeals were factored in, and the town relies on an estimate of what percent of the total amount of tax bills will be collected — a five year rolling average — and then lowers that number by a further 0.25% of the total, just to be careful, Finance Director Jennifer Charnesky told the board. —Sidewalk repair and replacement, $762,000 —Money for the design of a HVAC (heating/ventilation/air conditioning) project for Holmes School — $305,000

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  • The Board of Finance recommends an operating budget of $ 152.7 million to RTM, with a tax increase of 3.15%

    , Finance Board Recommends $152.7 Million Operating Budget to RTM, With 3.15% Tax Increase

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