NEWPORT — The proposed 2020-21 Newport Town Budget calls for an operating budget of $10,230,694 and projects a tax rate of $12.03 compared to $9,693,694 and $11.74 in 2019-20, a tax rate increase of 29 cents per $1,000.
A public hearing on the budget is scheduled for 6 p.m. on Monday, March 16, in the selectmen’s office.
In addition to the operating budget there are four warrant articles that could increase the projected tax rate to $12,32, up 40 cents per $1,000 from the $11.92 rate in 2019-20.
Those warrant articles include $5,00 for Communication Capital Reserve, one cent; $60,000 for Ambulance Capital Reserve, 14 cents; Recreation Facilities Capital Reserve, $10,000, two cents, and Revaluation Capital Reserve, $50,000, 12 cents.
A sum of $6,500,000 is included for a Community Center (Donations and Bond) The Bond is expected to be in the $3 to $3.5 million range.
Petition articles submitted include $5,000 for West Central Behavioral Health and $4,000 for Visiting Nurse & Hospice for Vermont and New Hampshire.
Projected revenue in the operating budget is up about $325,000 with $150,000 anticipated from the eater, sewer and airport funds and $175,000 from the general fund.
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