Apparently this post went viral yesterday. I guess nothing gets people worked up more than a discussion of taxes.
I’ve corrected a mistake in that post where, after referring to “town portion of the tax rate”, I simply say “town tax rate”. Some people seemed to get the idea that I was predicting an 18% increase in the total tax rate. To see how the tax rate breaks down into it’s components, read this post.
When the 11.5% increase in the total tax rate was announced last year, everyone was shocked and even the Board of Selectmen seemed to be surprised. My point is that these things are predictable within a pretty small margin of error. The state doesn’t use a ouija board to set the rates. For the town portion, they simply apply a known algorithm to the information that is supplied by the town. Same for the other components with information from their respective sources. The SAU has said that the potential total tax impact of their warrant will be 21 cents.
So if we look at this stuff and pay attention, there shouldn’t be any surprise when the rate goes up, or down (just kidding), a lot. After we vote on the warrant, I’ll add up the components that passed and request from the town an estimate of any surplus that might be applied.
btw/ The town portion of the total tax rate is about 37%, so an 18% increase in that would add .37 x .18 = 6.6% to the total tax rate.