Thursday, April 14, 2011

TOWN BUDGET Controversy

If anyone has read today’s Waterville Times, you too would wonder why all the noise is being made over the Town budget, compared to the $5.5 MILLION School budget: The school budget has a $350,000 shortfall … approximately 35% of last year’s LOCAL tax payer portion ($1,019,000). If this gap is not filled, we are looking at a tax rate of approximately $18+ per $1,000 of assessed value! ( Last year’s rate $13.54 + 35% or $4.75 increase = $18.29 per thousand. Instead, a former Supervisor appears to be making the Town budget a personal vendetta.