Staff report
The Killington tax rate is expected to jump about 2 cents next year, to 0.48 per $100 of assessed property value.
The owner of a $150,000 home would pay $729 in taxes, which is up from $699 the year before. The total budget is also up to $4.8 million this year compared to $4.4 million last year.
Part of the budget increase comes from a $137,000 payment due to the Federal Emergency Management Agency. The town replaced a culvert on Stage Road following Tropical Storm Irene in 2011 expecting to be reimbursed by FEMA, but the federal government denied the town money after Killington changed the scope of work without notifying FEMA.
The town also has a $158,000 payment due on a $1 million road repair bond, which includes culvert and bridge work.
The town has further budgeted about $175,000 from the General Fund to pay for capital needs at Green Mountain National Golf Course.
Though taxes are up, the tax rate estimate is slightly lower than the 0.49 tax rate Town Manager Chet Hagenbarth had predicted at the start of the year.
“We were able to get the budget in line with the budget last year,” Hagenbarth said.
