Shermanites face 5.9 budget hike
Sherman voters will decide May 11 on a proposed $13.74 million budget for 2013-14.
The combined budget represents $4.87 million, a $470,215 increase on the town side, and $8.87 million, a $366,016 increase on the education side.
The tax rate increase would go from 16.1 mills to 17.047 mills, a 5.9 percent increase over the present year.
At the 17.047 mill rate, taxes would be $1,704 on every $100,000 of assessed property value.
Factors in town expenditures include a $100,000 increase in payment on the debt principal, including payments on Happy Acres Farm and Sherman Library.
The town side also includes $200,000 in capital non-recurring and a $47,840 increase in life and medical insurance for three additional employees.
Factors in the education budget are a $141,201 increase for fiscal services, a $114,708 increase in transportation costs for high school students and a $59,173 increase for out-of-district placement of special needs students.
The town meeting will be Friday, May 3.
The budget vote will be Saturday, May 11 at 7 p.m. in the Sherman School cafeteria.
-- Susan Tuz