Lisbon council sends $18 million school budget to voters
The overall property tax rate, however, is expected to decrease by about 25 cents.
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The Lisbon Town Council unanimously approved a $18.1 million school budget on Tuesday that will be voted on by residents June 8.
The school budget represents a $448,345 increase over the previous year’s budget and, according to Superintendent Richard Green, that translates to a $232,000 or about 3% tax increase for the 2021-22 budget.
According to town documents, if approved by voters, tax payers would contribute about $7.79 million to the school budget.
The school budget would add about 36 cents to the tax rate of $23.10 per $1,000 of property value, according to Town Manager Diane Barnes.
Screengrab
The Lisbon Town Council unanimously approved a $18.1 million school budget on Tuesday that will be voted on by residents June 8.
The school budget represents a $448,345 increase over the previous year’s budget and, according to Superintendent Richard Green, that translates to a $232,000 or about 3% tax increase for the 2021-22 budget.
According to town documents, if approved by voters, tax payers would contribute about $7.79 million to the school budget.
The school budget would add about 36 cents to the tax rate of $23.10 per $1,000 of property value, according to Town Manager Diane Barnes.
Barnes said that when factoring in the municipal and county budgets, the overall projected tax rate for 2021-22 is a decrease of about 25 cents.