The owner of a $250,000 home in Warren would pay $76.49 more this coming year in a spending plan unveiled Friday by Interim Town Manager Kate Michaud’s office.

Ms. Michaud’s proposed budget includes $15.4 million in town spending, with $11.9 million going to the Bristol Warren Regional School District.

Overall, the proposed budget calls for an 8.8 percent hike in town spending and a nearly 14 percent increase in school spending, though with money set aside in the town’s education reserve fund, the actual net cost of education would be reduced this year by 3.4 percent.

The tax rate would rise from $18.81 per $1,000 valuation to $19.12.

Town officials set up Warren’s education reserve fund two years ago, while the town was in the midst of a court case over whether Warren had paid too much for education over several prior years. Warren officials, who believed the town had paid too much, began deferring payments to the school district based on what they thought they should pay, reasoning if that if Warren won the case the money would stay with the town — and if it lost, the money would be returned to the school district.

Ultimately, a Superior Court judge ruled that Warren had indeed paid too much based on a flawed interpretation of the state’s education funding formula, and later the Rhode Island Supreme Court rejected an appeal of that decision filed by the Town of Bristol. In all, the town set aside more than $4 million in deferred school payments to that reserve fund, spending $2.6 million of it last year to offset rising school district funding requests.

The budget is expected to be presented to the Warren Town Council at 6 p.m. Tuesday, March 6, in the first of several public hearings scheduled.

Other highlights of Ms. Michaud’s proposed budget:

Ms. Michaud has requested $3.4 million in capital expenditures, all of which would be financed through town reserve funds.

Many town departments and services would see spending increases, including financial administration (28.7 percent hike); fire safety (12.1 percent hike); boards and commission (19.5 percent hike); town clerk’s office (13.9 percent hike); municipal court (21.9 percent hike); treasurer/tax collector (19.2 percent hike); tax assessor (53.8 percent); financial administration (28.7 percent); police (8.8 percent hike) and others. Other departments, including the town manager’s office and building official, would see spending decreases (10.3 percent decrease and .1 percent decrease, respectively).

Apart from using education reserve funds to help offset school spending, town officials are counting on non-tax revenue increases to help keep the budget’s tax impact in check. Officials believe non-tax revenue will rise from $2.62 million projected this current year to $3.39 million, an increase of 29.4 percent.