EAST SPENCER — Residents won’t see their property tax rates increase under a 2011-12 budget approved by the Board of Aldermen.
The town’s property tax rate remains at 63 cents per $100 of assessed value. That means the owner of a home valued at $100,000 will pay $630 in municipal taxes.
In her budget message, Anneissa Hyde, town clerk and interim administrator, said that because of the recession, the town faces “financial and operational challenges.”
The town has experienced limited growth but has trimmed costs and improved efficiency over the past year.
“In short, the economic situation is severe,” Hyde wrote. “However, we are optimistic the town will increase its tax collection rate … and with some economic recovery (although slow), mindful spending, excellent leadership and high spirits, there is great opportunity for East Spencer.”
Despite the economic environment, Hyde wrote, the budget “provides a high quality level of service for our citizens while continuing to protect and maintain the core infrastructure that is so vital to sustaining our quality of life.”