The Board of Finance (BOF) recently approved a proposed town and school budget for the 2024-25 fiscal year of $168,255,917. The budget includes funding for town operations and road maintenance ($45,926,330), school district operations ($115,041,000), and debt service payments ($7,288,587).
The total represents a year-over-year increase of 3.85% in spending, compared with an increase in the prior year of 4.07%. After factoring in growth of the town’s tax base (Grand List) over the past year, the proposed budget will result in a mill rate increase of 2.09% if approved by the voters at the town budget referendum on May 14th. […]