On May 18^th, Town Administrator David Bone proposed a 2026-27 Recommended Budget that includes a 1.5 cent decrease, which if approved, would cut the tax rate to 28.5 cents per $100 valuation. Please note that his includes the 11.5-cent tax for fire services, so the remaining 17 cents would pay for all other town services.
Planning and preparing for the future are fundamentals to an effective governance and management of a town. The FY2026-27 Recommended Budget attempts to hold down expenditures wherever possible, but at the same time, recognizing the needs of the community. The areas of emphasis of this budget include: 

• Council’s goal of reducing spending / reducing the tax rate. 
• Completion of some Phase 2 and 3 elements that were planned for the Town Park but for which funding was not fully available.
• Strategically planning for the future.

Planning and preparing for the future are fundamentals to an effective governance and management of a town. The FY2026-27 Recommended Budget attempts to hold down expenditures wherever possible, but at the same time, recognizing the needs of the community. The areas of emphasis of this budget include:

• Council’s goal of reducing spending / reducing the tax rate. 
• Completion of some Phase 2 and 3 elements that were planned for the Town Park but for which funding was not fully available.
• Strategically planning for the future.

The 2026-27 Recommended Budget is available online HERE.

Work Session Meeting Recommended Budget 5.18.26