Freeport council approves $10M budget

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FREEPORT — The Town Council on June 19 unanimously adopted a $10.1 million municipal budget for fiscal year 2019.

The spending plan represents an increase of just over $374,000, or 3.7 percent, from current spending. 

When combined with Regional School Unit 5’s $33 million budget, property owners will see a projected tax rate of $15.54 per $1,000 property valuation, up from $14.95.

The approximate impact of the combined budgets to the tax rate is an additional $162 for the owner of a median-priced $270,000 home in Freeport. 

The town budget accounts for a 7-cent increase to the tax rate, while RSU5’s accounts for a 49-cent increase. The Cumberland Country tax levy projects a 3-cent increase per $1,000 of assessed value.

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