Thursday, May 12, 2011

Council Gives Final Approval to Budgets

The municipal expense budget is now finalized at $24,292,628, an increase of
$19,675 over the 2010-2011 budget. To make up for revenue losses, the city will
have to raise a total of $477,106 more from taxpayers next year. That translates
into a 26-cent increase in the tax rate for 2012, or a $49.01 annual increase on
a $190,000 home, according to Chief Financial Officer Dawn Ouellette. The
council’s vote also approves the school budget, which now goes to a public
referendum on June 7. If approved by voters, the 2011-2012 budget will be
$30,855,304, which is about $2.4 million smaller than the current 2010-2011
budget. If approved by voters, 42 positions will be lost throughout the
district, including teachers, staff, and administration personnel.
- John C.L. Morgan

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