Richmond Annual Town Meeting approves budget, all spending articles
RICHMOND — With little discussion, Annual Town Meeting on Wednesday night needed just 65 minutes to adopt a total of $6.74 million in municipal spending for fiscal 2017.
The entire budget, including special money articles, is $120,000 more than the current fiscal 2016 budget of $6.62 million.
The increase in expenditures translates into an anticipated $39.75 hike in the property tax bill for the average single-family home valued at just over $404,000, according to town officials. The Board of Assessors will officially set the new tax rate later this year.
Public education accounts for nearly half the overall budget, with an assessment of $2.95 million, down about $20,000 from the current fiscal year.
Three other school-related money articles approved included $260,000 toward special education, $150,325 for the principal and interest on the school renovation loan and $30,000 for repairs and maintenance at Richmond Consolidated School.
Additional special spending articles approved include:
• $152,436 from certified free cash for the town stabilization fund;
• $100,000 in an appropriation for the stabilization fund;
• $100,000 from free cash for the town's Other Post-Employment Benefits Liability trust fund;
• $15,000 for the Town Hall repair stabilization fund;
• $20,000 for consultants and technical assistance in long-range planning;
• $35,730 from the stabilization account toward the purchase of a new John Deere tractor and mower attachment;
• $21,150 from free cash for new financial systems software;
• and $15,000 for treatment of weeds in Richmond Pond.
Contact Dick Lindsay at 413 496-6233.
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