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What about all the new development in Town? Budget Total Change Over General + Increase in Yes – 2 back-to-back years of larger than Year Taxable Value Prior Year HWY Rate Tax Revenue average increases in total town taxable value… agreeing with what everyone sees 2020 $ 566,375,462 $ 5,453,023 1.719174 $ 9,375 – that there has been large development 2021 $ 573,331,004 $ 6,955,542 1.775183 $ 12,347 recently within town, adding millions to 2022 $ 580,100,606 $ 6,769,602 1.736911 $ 11,758 the assessment roll. 2023 $ 585,980,541 $ 5,879,935 1.736911 $ 10,213 2024 $ 593,427,642 $ 7,447,101 1.694811 $ 12,621 BUT… considering how general and 2025 $ 595,073,141 $ 1,645,499 1.694811 $ 2,789 highway fund is taxed at a combined 2026 $ 602,318,798 $ 7,245,657 1.694811 $ 12,280 average of $1.73 per each thousand of 2027 $ 613,079,496 $ 10,760,698 1.766381 $ 19,007 assessed value… the tax revenue brought into the town is only $12,000 - $19,000 despite adding $7.2-10.7 million of Average: $ 6,519,632 $ 1.73 $ 11,299 assessed value. Total Taxable Value For special district charges (fire / ambulance / lighting / garbage / water) – $620,000,000 those are services billed on a rate that $600,000,000 supports the costs that the town incurs on the resident’s behalf and are only billed to $580,000,000 residents in the districts that benefit from them. With new development, tax $560,000,000 revenue may go up, but so does the cost. This is especially evident in the garbage $540,000,000 fund where the town pays Waste 2020 2021 2022 2023 2024 2025 2026 2027 Management on a per parcel basis 48