At Raymond’s Board of Selectmen meeting Tuesday, the board approved the 2006/2007 fiscal year budget.
Under the new budget, Raymond’s estimated mill rate will increase 12 cents, from $9.30 to $9.42, or 1.3 percent. This would result in an increase of $24 in taxes on a $200,000 home from $1,860 to $1,884.
If residents choose at annual town meeting to support an increase of $175,000 under paving and an increase of $85,000 under Fire Department Reserve, the mill rate will jump an additional 18 cents and 9 cents respectively, for a $36 and an $18 increase to taxes on a $200,000 home.
At $481,299, County taxes are up 5.8 percent from last year’s figure of $454,778.
This year’s municipal budget total is $3.42 million, which is up 3.18 percent from last year’s total of $3.32 million. This budget amount comes in under Raymond’s LD 1-allowed limit of a 3.38 percent increase.
The town’s overall budget, which includes two schools and tuitioned high school students, is $8.82 million, an increase of 3.94 percent over last year.
This year, state subsidy rose 1.6 percent to $1,666,851.
Raymond residents will have a chance to vote on the warrant articles at the upcoming town meeting on Saturday, May 20.
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