Mayor Reduces Tax Increase From 1.35% to .13%

Mayor Murphy just posted a Special Town Council Meeting for Friday at 7:30 p.m. This is the Agenda item:

Reopen Budget Deliberations and Set a New Referendum Date

Reopen budget deliberations for the purpose of discussion and possible action on revision of the budget recommended to the Board of Finance by the Town Council on March 10, 2009 by reducing the recommended budget from $90,017,784 to $89,217,784 so as to reflect the anticipated reduction in health insurance costs for fiscal year 2009-2010, and to set a new referendum date. Such reduction will reduce the proposed tax increase from 1.35 percent down to 0.13 percent.