Vergennes city officials foresee FY’23 surplus

VERGENNES — Although an audit that has just begun will tell the final story, the just-concluded Fiscal Year 2023 (FY23) will almost certainly end in the black, City Manager Ron Redmond and Treasurer Angela Bolduc told the city council last week. The numbers are still somewhat fluid, Bolduc said. She told the council at its Aug. 8 meeting she believed there would be a fund balance of $10,000, not counting delinquent tax collections that are still coming in that could add another roughly $30,000 or more. “I d … (read more)

In a reversal from a Town Meeting Day vote that saw the Otter Valley Unified Union School District budget go down to defeat, 522-462, district voters on Tuesday turned out in support of the $22.7 million budget, 420-359.

Otter Valley Unified Union School District voters will have another opportunity to decide the fate of their district budget via an Australian ballot vote on Tuesday, April 26.

Lawmakers on the Vermont House’s powerful budget-writing committee finished their draft of a roughly $8 billion state budget late Friday night, voting 10-0 on a spending blueprint that makes major one-time investments in broadband, housing, clean water an … (read more)

Voters in 17 Addison County towns will be asked endorse spending proposals on Town Meeting Day targeting short- and long-term needs at the Patricia Hannaford Career Center.

VERGENNES — The Addison Northwest School District Board has adopted a $22,327,585 spending plan for the next school year. If backed on Town Meeting Day, it would increase spending by 3.35% over the currently approved level. But in spite of the proposed hi … (read more)

If Ferrisburgh residents approve all nonprofit donations and a capital fund request on Town Meeting Day, town spending could rise by almost 6%, or about $133,000, to about $2.366 million.

Like last year, another year of record federal aid, the governor didn’t have to fret about which programs to trim, but rather which programs got extra funding and which taxes got reduced.

The Addison Central School District board on Monday unanimously agreed to present voters with a 2022-23 budget of $41,578,089 that reflects $34,594,034 in local education spending — a 5.3% increase compared to this year.

The Middlebury selectboard on Jan. 25 will finalize a fiscal year 2023 (FY23) budget proposal that — if approved by residents on Town Meeting Day — would result in a property tax increase of no more than 3 cents per $100 in property value.

The plan includes $500,000 for hiring new staff to support student needs.

The Addison Northwest School District board has confirmed its commitment to a $22.08 million budget that would increase spending by about $480,000 and preserve all programs, while devoting enough of a major surplus to keep the district tax rate increase t … (read more)

Logan Price, the ACSD’s business manager, said it’s too soon to tell how the budget would affect property tax rates in the seven communities served by the district.

The board also has other pressing items on its plate, including a shortage of bus drivers, the continuing effect of the pandemic on the school district and a search for a new superintendent.

The resulting $500,000 surge in expenses would require a 5-cent bump in Middlebury’s municipal tax rate, pushing it from the current 79.68 cents per $100 in property value to 84.67 cents.