Robust growth in Stowe’s property portfolio and a new local tax instituted this summer could spell record revenues for the town. That’ll come in handy as the town looks to pay its town employees more and tackle some infrastructure that is showing its age.
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The longest budget season in recent memory has come to an end, as Morristown voters approved of funding the current fiscal year, which is already two months old.
Morristown’s most recent iteration of its now-current fiscal year operating budget is just under $9.2 million, but that is a figure residents have rarely heard mentioned in the endless debates about the cost of running the town, since almost every conversation focuses primarily on how much it’s going to cost the taxpayers.
Morristowners next month will be asked once again to vote on a 2024 fiscal year operating budget, this time nearly two months after the fiscal year already began.
Ringing in the new fiscal year with a brand-new local option tax, Stowe also enters the new year with one of the state’s highest education tax rates.
The new fiscal year is about a week away and Morristown is poised to start it without a chief executive officer to run the town and without a budget in place to pay for it.
Smaller number, same outcome. Morristown voters this week once again resoundingly defeated the town’s operating budget, despite the town money crunchers reducing the tax burden by a million dollars.
In the past week, Morristown property assessor Terri Sabens has gotten used to repeating variations of the same sentence over and over: your tax bill will not double…your tax bill will not double…your tax bill will not double.
According to a wage analysis prepared by town staff, using data from a 2022 benefit and compensation report from the Vermont League of Cities …


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