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The Board of Finance unanimously set the mill rate at 23.06, using $2,261,940 in state revenue, a 99% anticipated tax collection rate, and $400,000 from the prior year’s fund balance. Tax bills are expected to show 23.58 mills to reflect anticipated state revenue.
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The approved tax calculation is designed to support the upcoming budget while limiting the mill-rate increase to 2.81%. The board also accepted 7.5 acres of tidal wetlands with a public access easement, including a deck, sidewalk, stairs, and four parking spaces. It accepted a $5,000 transportation grant with no required local match. Staff will return with more detail on projected year-end spending, possible special appropriations, and financial accounts that are over budget.
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