The budget, which includes about $37.4 million for the School Department, represents about a 2-percent increase over the current spending plan. It would call for a tax rate of $14.53 per $1,000 of assessed property value, a 29-cent increase over the current tax rate of $14.24. A homeowner with property valued at $400,000 would pay $116 more in their property tax bill next year if the budget is passed.
The council is expected to formally adopt the budget at its meeting at Town Hall at 7 p.m. Monday, June 24.
There were fewer than 30 people in the seats at the school’s Little Theater Tuesday, and most of them worked for the town.
“Only nine civilians,” Larry Fitzmorris of the fiscal watchdog group Portsmouth Concerned Citizens (PCC) said after the meeting.
For a full report of the budget hearing, pick up The Portsmouth Times this Thursday, June 20.You can view the proposed budget on the town’s website at www.portsmouthri.com.