ESSEX— A $23,056,963 combined town and schools budget plan for 2014-2015 won quick approval from voters Monday at the annual budget meeting. About 70 residents turned out for the meeting approving the budget on a voice vote with scattered opposing votes.
The total spending package, which is up by 1.64 percent from the current total, includes a $7,202,161 town government budget, a $7,742,313 appropriation for Essex Elementary School, and the town’s $8,112,489 share of the Region 4 education budget. The Region 4 budget was approved in a May 6 referendum, with voters in Chester and Essex supporting the budget while a no vote carried in Deep River.
The total spending package was approved at the meeting Monday without discussion, and no questions from the crowd on the property tax rate that will be required to support the spending. The board of finance is expected to set the tax rate for 2014-2015 at a meeting Thursday. The current tax rate is 18.99 mills, or $18,99 in tax for each $1,000 of assessed property value.
An increase in the tax rate is required to cover a 7,72 percent drop in the grand list of taxable property that resulted from the townwide property revaluation completed last year. The revaluation resulted in a decrease in assessed values for most residential property owners.