Falmouth's Budget: A 4.88% Increase, New Taxes
Portland Maine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Falmouths proposed budget for next year is a 4.88% increase to $22,111,000, focusing on maintaining services, supporting workforce, and building reserves. Major cost drivers include a 3.41% rise in personnel expenses due to cost-of-living adjustments and health insurance premiums, and a $450,000 loss from lost excise taxes. Homeowners face a 5.52% municipal tax rate hike, adding $136 to a typical $850,000 homes annual tax bill. The budget heads to the council March 30th for review and a final vote April 27th.
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