Draft Budget for 2020 Available for Comment

You have to give Deputy Mayor Suzanne Séguin credit – the initial budget requests by staff were well over her 1.9% target but the draft budget being presented for approval is very close to the target.  I also appreciate the clarity in the numbers – a great job by Treasurer Ian Davey. You have to look at the numbers closely – actual expenditures excluding Police are 4.4% higher but an increase in expected revenue brings that down to 3.8%.  Then add the Police budget of $6.3M with a small 1.09% increase and include $240K of additional tax revenue because of Town growth (more taxable properties) and the total Operating budget proposed for 2020 comes to $24,262,417 or 2% over the… Read complete articleDraft Budget for 2020 Available for Comment