Town/Govt
Finance Targets Limiting Mill Rate Change to 1 percent
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At its meeting on Feb. 15, the Board of Finance reviewed all available projections for revenue and expenses as known at that time. Acknowledging both the increase in costs of operating, as we all are experiencing at home, and the tight finances many families continue to experience, the BOF narrowed its focus to limiting the upcoming FY23 overall budget to an increase in the mill rate of 1 percent.