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Understanding Town Budget Changes and Tax Implications

Explore town budget figures for 2014 to 2015 and 2011 to 2015, including appropriations and revenue details, and how they impact tax rates for residents. Gain insights into specific allocations for various community programs.

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Understanding Town Budget Changes and Tax Implications

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  1. Budget Change: 2014 to 2015 = ($76,393) or -3.94% 2011 to 2015 = ($49,648) or -2.60% Selectboard budget

  2. Budget with Appropriations Change: FYE 2014 to 2015 = ($175,086) or -8.01% FYE 2011 to 2015 = ($55,913) or -2.71% Selectboard budget with appropriations

  3. Budget revenue w/o appropriations

  4. TOTAL = $148,441 • Rescue Squad $27,340 Level funded • Rutland Area VNA $7,087 Level funded • Rutland Mental Health $2,739 Level funded • Fair Haven Concerned $26,000 Level funded • SW VT Council on Aging $1,800 Level funded • Retired Senior Volunteer Program $950 $25 increase (2.63%) • Fair Haven Library $68,800 Level funded • BROC $2,725 Level funded • Association of Retarded Citizens $3,500 Level funded • Castleton Community Seniors $3,000 $1,500 increase (100.00%) • Marble Valley Regional District (The Bus) $2,500 Petitioned new appropriation • Recreation Building Fund (inc Contents) $5,000 New appropriation (due to arson) • Park Restoration & Tree Replacement $2,000 New appropriation (due to Park tree needs) • Recreation Director, Full-time $44,218 Petitioned new appropriation Appropriations

  5. What does the above info mean? The average listed home ($150,000) in Town would see about a $71 increase in their tax bill, or $17/quarter.

  6. Tax liability, town only, inc appropriations

  7. Actual Proposed Percent Change = 4.24% If Surplus NOT used, Percent Change = -7.22% Note: Tax Liability = Selectboard Budget AND Appropriations Fye ‘14 to ‘15 comparison if no surplus

  8. GRAND LIST & TAX RATE

  9. TAX RATE ADJUSTED W/GRAND LIST CONSTANT

  10. Tax rate adjusted w/tax liability constant

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