Wednesday, March 29, 2017

New Budget Substitutes Taxes For Landfill Revenue

Just as I have been predicting, the loss of revenues from the landfill will fall squarely on the taxpayers of Southbridge

 The budget presentation for the next fiscal year proposes to eliminate $920,000 from landfill revenues that the town relies upon to finance its operating budget. And how is this accomplished?  Simple – Gross Increase at Projected Tax Levy for the next fiscal year increase by $994,429.

At the same time, when adjusted for the increased tax rate, the contribution from new growth is projected to decline by almost 20%.

 How long will it be at this rate before “new growth” becomes negative and taxes increase just to maintain current levels of service?