Kent cushions proposed tax hike
The Kent Board of Finance has drawn on surplus funds to reduce the tax increase anticipated from the proposed $11.27 million 2013-14 budget.
The Board of Selectmen's budget proposal for the town side is $2.93 million, a 4 percent increase over the 2012-13 fiscal year.
The education budget, including Region 1 costs, is $6.51 million, representing a 1.06 percent decrease.
By applying $350,000 from the unassigned general fund, the finance board limits the tax increase to 1.6 percent, which would take the mill rate from 14.27 to 14.46 mills.
At that rate, the tax would be $1,446 on every $100,000 of assessed value on a Kent property.
The public hearing on the 2013-14 budget is scheduled Friday, May 3 at 7 p.m.
The town meeting to vote on the budget will be May 17 at 7 p.m.
-- Susan Tuz