On Monday, May 8, 2023, the Town Council voted 5-0 in favor of scheduling a vote on the proposed fiscal year 2024 General Fund Budget for Monday, May 15, 2023 at 7:00 p.m. at Town Hall.  Councilors Caitlin Jordan and Gretchen Noonan were absent.  Prior to the vote, a public hearing for the General Fiscal Year 2024 General Fund and Special Revenue Funds Budgets was held.  No comments were made by the public at this time.

The General Fund Budget includes both the municipal and school budgets for FY 2024.  The Town's total expenditures shows $20,501,521 and revenues in the amount of $10,568,140.  The School Board FY 2024 budget shows $34,170,00.00 in expenditures and $3,597,711 in revenues.  In total, the FY 2024 General Fund Budget shows $54,671,521.00 in total expenditures, estimated non property tax revenues of $14,165,851.00 with $40,505,670.00 to be raised from property taxes.  This budget shows a 6.32% increase to the tax rate and an estimated tax rate of $22.486 per thousand valuation.  The FY 2024 Special Revenue Funds Budgets show proposed expenditures of $4,126,254.00 and operating revenues of $3,410,228.00.

The Town Council's Finance Committee last met on April 24 and April 25 to review the town and municipal proposed budgets.  No adjustments were requested by the Finance Committee.  

On May 15 the council will vote on the municipal and school budgets separately.  Pending the Town Council adoption of the school budget, the FY 2024 School Budget budget will be set to a Citizen Vote on Tuesday, June 13 for final approval.

For more details and information, please visit the FY 2024 Budget page.