Public Hearing on Proposed Oxford Budgets

OXFORD - The Board of Finance will hold a public hearing on the proposed town and school budgets, as well as the capital and non-recurring budget (see numbers below), at 7:30 tonight, Monday, April 22, at Quaker Farms School, 30 Great Oak Road.

The meeting will be held at 7:30 p.m. The public will have an opportunity to comment on the proposals. The Board of Finance will then meet tomorrow, Tuesday, April 23, to discuss the public hearing and possibly make adjustments to the budget based upon the comments.

After tonight, the next opportunity for the public to discuss the budget will be on Monday, May 6, during a town meeting, also at Quaker Farms School. During that meeting, the public will have an opportunity to make motions to cut the budget (they cannot request to put money in), and the budget will be adjourned to a referendum.

The proposed date for a referendum is Tuesday, May 14, from 6 a.m. to 8 p.m. at Quaker Farms School.

Note: The following is a breakdown of the proposed budgets for the 2013-14 fiscal year.

See a full breakdown of the overall budget numbers here. 

See an explanation of the Board of Education budget here. 

Oxford Board of Education

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

2013-14 Proposed Budget: $27,098,793

Proposed Increase: $550,546, or 2.07 percent

Oxford Municipal Budget

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

2013-14 Proposed Budget: $14,554,310

Proposed Increase: $1,147,093 or 8.56 percent

Capital and Non-Recurring

2012-13 Adopted Budget: $40,689,464

2013-14 Proposed Budget: $42,571,875

Proposed Increase: $1,882,411, or 4.63 percent

Mill Rate (Tax Rate) 

2012-13 Adopted Mill Rate: 24.1 mills

2013-14 Proposed Mill Rate: 24.88 mills

Proposed increase: .78 mills, or 3.24 percent

So...

A resident with a house assessed at $200,000 currently pays $4,820 a year in property taxes and would pay $4,976 - or $156 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 $6,220 - or $195 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 $7,464 - or $234 more - if the current budget proposal is adopted. 

Click here for a description from the state Office of Policy and Management about how to calculate your tax bill.

Click here to see your property assessment.