- Last Updated on Wednesday, 16 April 2014 11:41
- Published on Wednesday, 16 April 2014 11:41
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During a long budget work session held on April 15 the council wrapped up discussions after almost five hours by discussing the possibility of advertising a 25-cent real estate tax increase.
The council has the option to reduce that amount, but by law cannot go higher than advertised. The council recessed the budget work session until April 23 at 10 a.m. to allow for public input and to try to find other funding sources to reduce that amount.
The matter will have to be duly advertised, public hearings conducted and an official vote taken before the increase will take effect.
The increase is in response to the school needs created by the recent fire and several maintenance issues at the high school. The increase will help to also fund the school which has been hit hard this year with an almost $400,000 revenue shortfall from government sources. The local jurisdiction must pick up the costs or the school system will be forced to cut its budget further. The schools budget is already cut to the max according to school officials and the added expenses of moving the elementary campus to the high school campus along with repairs is putting a strain on the town’s budget.
According to Town Finance Director Joan Grant the council had not given the Town Clerk instructions to place the advertisement yet, holding off the official decision to advertise the increase.