The Finance Council recommends a $ 152.7 million operating budget for RTM, with a 3.15% tax increase

The Finance Council recommends a $ 152.7 million operating budget for RTM, with a 3.15% tax increase

The selectmen’s budget, as passed by the Finance Board, would be $46,100,131 in the fiscal year starting July 1; the education budget would be $106,624,199. Those two total $152,724,330 in operating budgets paid for almost entirely through town taxes. During the meeting, there was no debate or discernible disagreement on the budget, and no votes against it on the seven-member board. The RTM may cut any of these budgets but not increase spending, and it can’t cut any specific items from the education budget, only the total amount.

“Nobody likes a tax increase,” Zagrodzky said, but after to the “scary” budget proposals sent to the Board of Finance, the 3.15% mill rate increase “is much more palatable than what we started with, and not completely out of line, given the mill rate increases we’ve seen in the past. Board of Finance Chairman Jon Zagrodzky

“But also, frankly, the expenditures that both boards are having to make, not just for operations, but for things like debt service,” he said. “So when you take all that into account, my general view is that we’ve ended up in a very good place — if you, again, think of everything from the union contract increases to COVID spending to general operating increases across the board. Everybody’s done a great job of trying to keep those well managed.” Image from the meeting video

—Money for the design of a HVAC (heating/ventilation/air conditioning) project for Holmes School — $305,000 —Sidewalk repair and replacement, $762,000 —Replacing of Royle School roof — $862,750

The Board of Finance also approved bonds for three separate projects: Other amounts approved in the package of town budgets approved Tuesday night: an appropriation of $3,279,023 from the Capital Reserve Fund; $4,165,66o from the Sewer Operating Fund; $211,809 from the Sewer Capital Fund; $824,665 for the Parking Lot Administration Fund; $278,632 for the Parking Lot Capital Fund.

The News Highlights

  • The Finance Council recommends a $ 152.7 million operating budget for RTM, with a 3.15% tax increase
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
The Best Nintendo Switch Hidden Gems and Overlooked Games

The Best Nintendo Switch Hidden Gems and Overlooked Games

The Nintendo Switch has seen its fair share of hidden gems and overlooked games. If a game is not a Mario or Zelda title, it can easily be overshadowed by ...
Pixel 5g and 4a, whats cool abou them?

Pixel 5g and 4a, whats cool abou them?

As we have seen with almost all recent Google hardware, plenty of tidbits, information, and images have leaked well ahead of launch. We’ve been sifting ...
Venmo has just put cryptographic access in everyone’s palm

Venmo has just put cryptographic access in everyone’s palm

Last week, crypto enthusiasm soared as trading platform Coinbase went public at a valuation of $86 billion, followed by a wild 500% rally in Dogecoin — an ...
Singapore-based Fintech STACS raises $ 3.6 million to develop blockchain platforms for financial institutions – TechCrunch

Singapore-based Fintech STACS raises $ 3.6 million to develop blockchain platforms for financial institutions – TechCrunch

In a press statement, Wavemaker general partner Gavin Lee said, “There is an immense opportunity to help financial institutions process large volumes of trade ...
Maitri Health Technologies chosen for UK trade mission

Maitri Health Technologies chosen for UK trade mission

“Maitri is an outstanding example of a homegrown, innovative company. It’s business model to help keep people safe and organizations operating is very timely ...
What New Windows 10 Update has to offer in the previous critical Security flaws

What New Windows 10 Update has to offer in the previous critical Security flaws

“We believe this exploit is used in the wild, potentially by several threat actors. It is an escalation of privilege (EoP) exploit that is likely used ...
Healthcare Asset Management Market Size 2021

Healthcare Asset Management Market Size 2021

News Highlights Pune, India, April 20, 2021 (News) — The global “Healthcare Asset Management” Market is predicted to reach USD 84,483.03 million by 2027, ...
Xcel Brands will present financial results for the fourth quarter of 2020 on April 21, 2021

Xcel Brands will present financial results for the fourth quarter of 2020 on April 21, 2021

Source finance.yahoo.com For further information please contact: Story continues Andrew BergerSM Berger & Company216-464-6400andrew@smberger.com About ...
Song of Horror trailer reveals PlayStation 4 and Xbox One release date!

Song of Horror trailer reveals PlayStation 4 and Xbox One release date!

Song of Horror is currently available on Steam and will become available for PS4 and Xbox One players on May 28! RELATED: Aliens: Fireteam Announcement Trailer ...
Show next
Compsmag - Latest News from tech, business and health
Logo