Oxford Budget 2013-14: Where the Money is Going

Taxpayers will vote on a proposed 2013-14 fiscal year budget between 6 a.m. and 8 p.m. on Tuesday, May 14, at Quaker Farms School, 30 Great Oak Road. Anybody who owns property in Oxford can vote.

Above are the proposed budgets in full (note: the Board of Ed. budget has been trimmed slightly from what was originally proposed; the corret numbers are below.)

The following is a breakdown of what residents will vote on. Below that is a look at what the tax increases based upon those numbers would look like if the budgets were adopted. 

Oxford Board of Education

2012-13 Adopted Budget: $26,548,247

2013-14 Proposed Budget: $27,148,793

Proposed Increase: $600,546, or 2.26 percent

Oxford Municipal Budget

2012-13 Adopted Budget: $13,407,217

2013-14 Proposed Budget: $14,604,310

Proposed Increase: $1,197,093, or 8.93 percent

Capital and Non-Recurring 

(Money will go toward road repairs. Click here for more details.)

2012-13 Adopted Budget: $734,000

2013-14 Proposed Budget: $634,000 (note that an additional $100,000 for road repairs is included in the general municipal budget)

Proposed Decrease: $100,000, or 13.62 percent 

Tax Rate (Mill Rate) 

2012-13 Adopted Mill Rate: 24.1 mills

2013-14 Proposed Mill Rate: 24.75 mills

Proposed increase: .65 mills, 2.7 percent

So...

A resident with a house assessed at $200,000 currently pays $4,820 a year in property taxes and would pay $4,950 - or $130 more - if the current budget proposal is adopted.

A resident with a house assessed at $250,000 currently pays $6,025 a year and would pay $6,187.50 - or $162.50 more - if the current budget proposal is adopted.

A resident with a house assessed at $300,000 currently pays $7,230 a year and would pay $7,425 - or $195 more - if the current budget proposal is adopted.