Posts Tagged ‘ mill rate ’

Board of Finance sets new mill rate

May 15, 2014
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The Board of Finance voted unanimously to set the mill rate for the new fiscal year that will result in a tax increase of 3.3 percent. During a meeting Wednesday night, the finance board approved a mill rate of 28.36 mills, an increase of .9 over the adopted mill rate of 27.46 mills. Last year,…

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Residents to save $4 in taxes; Board of Finance slightly lowers mill rate

May 23, 2013
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By Rob Glidden Staff Writer The Board of Finance approved a mill rate for the next fiscal year that will result in a tiny tax reduction for residents. After its $129 million proposed budget was approved without changes by the Town Council, the BOF officially set the next mill rate at 27.46, a drop from…

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Residents want BOE funding restored; Town Council to vote on budget in May

April 25, 2013
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By Rob Glidden Staff Writer With a few exceptions, the residents who spoke during a Town Council public hearing on this year’s budget passionately urged the officials to restore the school board’s full request. The recommendation from the Board of Finance is an $84.2 million budget for the schools, which is $1.1 million less than…

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BOF proposed budget lowers mill rate

April 4, 2013
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By Ed Harris Editor The Board of Finance has passed a proposed $129.3 million dollar budget that scales back money for the Board of Education and slightly lowers the mill rate. The board unanimously passed a recommendation of $45.1 million on the town side and $84.2 million for the Board of Education. The proposal will…

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