Is the Municipality setting aside enough to replace its roads, bridges and buildings as they wear out?
$2.5 milliona year on average, the Asset Management Plan's estimate of what the tax-supported assets need (2026 dollars)
The Municipality's own 2026 Asset Management Plan says keeping its tax-supported roads, bridges, buildings and equipment in the condition it wants would cost about $2.5 million a year on average, and that a 3.0% tax levy increase each year would run its savings down over 25 years. The plan says a 6.5% increase a year would be needed. For 2026 Council adopted a 3.97% tax rate increase, after removing $101,000 of planned capital spending. A reserve is money set aside for a future purchase.
Found by reading the town's own documents · 5 sources