Tax hike of 2.5% likely after Yarmouth council OKs $10.7M municipal budget

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YARMOUTH — The Town Council unanimously approved a $10.65 million municipal budget that will maintain current services.

Town Manager Nat Tupper said the budget was adopted by the council Thursday, May 5 without any changes. No residents offered public comment.

The municipal budget is 1.7 percent, or $182,000, larger than this year due mostly to an increase in employee benefits and insurance, Tupper said. About $142,000 of the increase is due to a change in demographics.

“The good news is this change is not institutional and we don’t expect to see these increases year after year,” he said. 

The proposed school budget is $19.8 million, an increase of 1.75 percent, or $340,000, over this year.

The estimated tax rate for the total fiscal year 2012 budget is $20.29 per $1,000 of assessed value, an increase of 49 cents, or 2.5 percent.

Town Meeting will be held June 7 at Harrison Middle School at 7 p.m. The school budget referendum vote is Tuesday, June 14, from 7 a.m. to 8 p.m. at the Amvets Hall, 148 North Road.

Amy Anderson can be reached at 781-3661 ext. 110 or aanderson@theforecaster.net. Follow her on Twitter: @amy_k_anderson.

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