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The Board of Finance approved a 2026–2027 mill rate of 37.42 in a 5-1 vote, up from 35.69. The minutes describe this as a 1.73% mill-rate increase and a 4.85% tax-rate increase.
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The approved mill rate will be used to calculate local property taxes for the 2026–2027 fiscal year. Board members cited a $221,690,870 budget, rising health care and wage costs, and the need to maintain a healthy general fund balance and the Town’s AA+ bond rating. The minutes state that the fund balance helps spread some of the tax burden while preserving borrowing capacity.
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