An increase is still an increase, but it looks like things won’t be quite as bad for Southborough taxpayers this year as officials had originally feared.
Reports the Metrowest Daily News:
The fiscal 2014 budget is rounding into shape, Town Administrator Mark Purple said Monday, and the average taxpayers at this point can expect to see taxes rise by $137.
The fiscal 2013 tax bill for the average home valued at $518,300 was $8,573, a 2.9 percent increase from the prior year.
The value of the average home for fiscal 2014 is projected at 520,736, and the average tax bill would be $8,710, a 1.6 percent increase.
“Things seemed to go in the right direction for us this year,” Purple said, including a respite on the assessment to Algonquin Regional High School that administrators are still working to fully understand.
But before you get too excited, Chairman of the Board of Selectmen John Rooney warned at the board’s meeting last week the $137 increase may not reflect reality. Rooney pointed out that current budget calculations do not take into consideration new contracts for the town’s four municipal unions, all of which are currently being renegotiated.
“That number ($137) represents the best case scenario,” Rooney said. “While it looks great on paper, it’s not going to be the real number.”