FY2024-26 Override Central

Introduction

The Town is entering the Fiscal Year (“FY”) 2024 budget process with a structural deficit that is the result of fixed costs rising faster than recurring revenues, which are constrained by the property tax growth restrictions of Proposition 2 ½.  In order to address the deficit, the Town and Schools must either reduce services to bring the FY24 budget into balance or raise the limit on property tax growth to maintain services.  The Select Board has proposed an operating override for the FY24 budget, which will require approval at both the Annual Town Election on May 2, 2023 and at Annual Town Meeting beginning on May 23rd.

The Town has compiled the following information describing the development and content of the override to help community members to learn more about the override proposal.

Interactive Operating Override Charts

Property Tax Impact Calculators

The Town has developed a calculator for residents to use to estimate the impact of the debt exclusion and override questions on their property tax bill.  Click the following link and select your street number and street name to estimate the impact on your property taxes:

Operating Override and Debt Exclusion Calculator