Livermore Falls selectmen continue review of $2.75 million budget

LIVERMORE FALLS — Selectmen continued review Thursday of a $2.75 million municipal spending plan for 2021-22.
The proposal is an increase of $95,781 from last year, without factoring in revenues to offset it. The amount of anticipated revenue has not been presented.
The 2020-21 budget, which covers the fiscal year ending June 30, is $2.65 million.
Part of the increase is $20,000 in debt service related to the fire substation in East Livermore area. Residents voted 992-399 in November to authorize selectmen to spend up to $400,000 over 20 years to build a one-bay fire substation. The article also authorized selectmen to enter into a lease purchase or finance agreement for up to 20 years, with payments from taxes not to exceed $20,000 per year.

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