Community Corner

Updated: Mayor: Budget of $81 Million Would Increase Average Dollar Value of Taxes by 2.41 Percent

The mayor released the budget books on Tuesday.

Mayor George Apel on Tuesday released to the public his budget proposal for the 2012-13 fiscal year.

The $81.34 million budget represents an increase of 2.59 percent. Projected tax revenue from $1.7 billion Grand List would total $57.8 million, forcing the tax rate to increase by 4.15 mills to 34.05 mills if the budget were approved by the Town Council with no changes. The current tax rate is 29.90 mills.

In terms of the actual impact on the wallet, after all revenue  and revaluation are factored in, Apel said the average increase would be 2.41 percent.

"As far as I am concerned, the mill rate is an mathematical figure," Apel said. "The tax impact could be 2.41 percent on average. That's the figure that matters."

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Here is a quick breakdown:

• General Government - $26.5 million, a 3.98 percent increase.

• Total Capital improvements/debt service - $6.3 million, a 1.53 percent increase.

• Education - $48.4 million, a 1.98 percent increase.

Budgetary summary sheets are attached.


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