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Waste Mgmt – Contract Renewal – Tax Rate Calculation Refuse/Garbage Fund —> $30/unit Increase from $268 to $298 Contract cost increased 5% for curb service & At‐Your‐Door Collection. Further, 2023 recycling costs are more than budgeted, using down extra fund balance, which was already below the Town’s fund balance expected minimum amount. Tax Rate Calculation (Whole Town = 3144 units) • Garbage Cost $788,234 (6 months at $64,084 + 6 months at $67,288) • At‐Your‐Door $90,200 (6 months at $7,333 + 6 months at $7,700) • Recycling $40,000 (Variable – monthly average is $3,300) • Fuel surcharge / Fund Balance Policy—planned $15,720 • Total Estimated Amount Needed = $934,154 Household Cost = $298 $30 increase from 2023’s cost of $268 • Garbage $ 251 (6 months at $19.40 + 6 months at $20.37 = $239) • At‐Your‐Door $ 29 (6 months at $2.22 + 6 months at $2.33 = $27) • Recycling $ 13 • Account Leeway* $ 5 *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 96