Preston - The Board of Finance approved a proposed $10.6 million school budget and $3.3 million town budget Thursday, making no cut to the proposed school budget and some adjustments to the town budget to be presented to residents at a town meeting next Thursday.
The votes followed a two-hour public hearing dominated by discussion and support for the requested $10.6 million school budget, a 1.86 percent, $193,644 increase over this year's budget. About 40 people attended the hearing.
Board member Norman Gauthier cast the lone dissenting vote on the school budget, calling it "way too high." The board voted unanimously to approve the town budget after several changes.
Because the town conducted a property revaluation this year, the combined proposed budgets of $15 million, including debt services and capital expenditures, would appear to have a significant tax increase, from the current 19.43 mills to 24.21 mills.
The finance board voted to use $500,000 from the town's general surplus fund to offset tax increases.
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