Mixed outlook for Woodstock taxpayers
There’s good news for all Woodstock taxpayers on their upcoming tax bills.
But for some - those with the Homestead Exemption - there's bad news, too.
The good news is the mil rate will remain the same, at 12.60.
The bad news for the roughly 40 percent eligible for the exemption is that it will drop to about $8,200, from the previous $10,790, resulting in an individual tax bill increase of about $33.
The state lowered the exemption amount this year.
Thanks almost entirely to a new $6 million Central Maine Power substation, Woodstock’s valuation grew from $129 million to $136 million, Town Manager Vern Maxfield told selectmen Tuesday. That gain helped spread the tax burden around.
“There’s been almost no new construction, other than CMP,” Maxfield noted.
Selectmen considered three mil rate options before settling on the status quo.
They could have lowered it to 12.55, with an overlay (for unexpected expenses) of about $21,000.
They could also have raised it to 12.75, with an overlay of $50,000. Maxfield said he calculated that option only because last year the town had an overlay of $70,000.
Selectmen and Maxfield said they had chosen higher overlay amounts the past couple of years because of uncertainty about what the town would receive for state subsidies. And, said Maxfield, the town had been depleting its surplus.
But the surplus is now holding steady, he said, and the board decided that this year, the current mil rate with a $28,000 overlay was practical.
Maxfield said he hoped tax bills could be mailed out next week.
In other business, selectmen approved a low bid (of three received) for winter sand by Hadley’s of $5.85 a cubic yard, for 1,500 cubic yards.
CDBG grant application approved
At a special Town Meeting held after the selectmen’s meeting, a half dozen voters approved a $36,000 Community Development Block Grant application from the Bryant Pond 4-H Camp. The application will now be submitted to the Department of Economic and Community Development. The grant funds would be used to subsidize scholarships to the camp, particularly for students from the Telstar region. If the program is approved, the municipal officers would accept the grant funds, and assume responsibility to implement the program.