The Portsmouth Town Council held a budget workshop Thursday night to discuss the $58.2 million provisional budget.
Featured here are actions taken during the workshop.
The council must still approve the proposed 2012-2013 fiscal year budget, which is attached at right, before the budget is finalized. The vote will take place after a public hearing, which will be held on June 13 at 7 p.m. at the .
For a complete schedule of the town's budget hearings, see the pdf attached or click here.
As stated in to the council:
This of which $47,180,235 is requested from our local taxpayers through the property tax or a 3% increase in our tax levy to accomplish these goals. It includes a 3% reduction in the town operating budget and a 3.67% increase in the town’s appropriation to the school budget, with a concomitant amount transferred from school surplus to the town’s fund balance.
Klimm previously said this budget, if passed, would raise the tax rate 2.5% or about $122 for the average household in Portsmouth.