Bedford council to unveil 'conservative' $26.6M plan
The proposed budget will be brought to public hearings on Jan. 8 and Feb. 12, at 7 p.m., at the BCTV meeting room, 10 Meetinghouse Road. The Feb. 12 public hearing will include a discussion of the two bonds and, if approved by the council, the bonds will appear on the March 11 ballot. The Budgetary Town Meeting is Wednesday, March 12.
Town Council's proposed budget would result in a tax rate increase of 2 cents, which is less than one-half percent above the 2013 town tax rate of $4.97 per $1,000 of property valuation. Levine said the proposed budget is "progressive and unremarkable."
Levine said the estimated taxpayer cost would peak in 2019, with $1.35 per $1,000 property valuation for the fire station and road bonds, and $1.06 for the 15-year road bond repayment.The road bond would not go into effect until 2015 because the town still has some money to spend from the $13.2 infrastructure bond approved by voters in 2011. The council agreed to spread the road repairs over a 15-year bond because the tax impact would be lower each year. The council recommends a 10-year bond on the fire station because the amount is too low to spread out further because of expenses and fees.
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