Posts tagged ‘Reserve Fund’

June 6th, 2012

Council Approves Tax Hike; Increased Expenditures

by Christopher O'Brien

By Chris O’Brien
The Town Council approved an 11.4% tax increase on Tuesday night. The mill rate rose from 22.68 to 25.27 and tax bills will be mailed to taxpayers in early July. Declining overall property values, a recent revaluation and a 2.74% increase in Education expenditures all contributed to the tax hike. “We didn’t take this lightly,” Council Chairman Dave Valletta told the audience just before the vote was taken.

Six separate votes were taken for separate components

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