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Waste Mgmt – Contract Renewal – Tax Rate Calculation Refuse/Garbage Fund —> $6/unit Increase from $298 to $304 Contract cost increased 5% for curb service & At-Your-Door Collection. Further, 2023 & 2024 recycling costs are high, using down extra fund balance, which was already below the Town’s fund balance expected minimum amount. Tax Rate Calculation (Whole Town = 3147 units) • Garbage Cost $827,645 (6 months at $67,288 + 6 months at $70,653) • At-Your-Door $94,758 (6 months at $7,708 + 6 months at $8,085) • Recycling $30,000 (Variable – monthly average is $3,300) • Fuel surcharge / Fund Balance Policy—planned $6,300 (minimum) • Total Estimated Amount Needed = $958,703 Household Cost = $304 $6 increase from 2024’s cost of $298 • Garbage $ 263 (6 months at $21.40 + 6 months at $22.46 = $263) • At-Your-Door $ 30 (6 months at $2.45 + 6 months at $2.57 = $30) • Recycling $ 9 • Account Leeway* $ 2 *Account Leeway – recycling cost varies per month / diesel surcharge is unpredictable / Town’s Fund Balance policy requires the Town to keep 20% of budgeted appropriations in Fund Balance to get through the timeframe between year end and March tax collection 108