TOWN OF NEW SHOREHAM

NOTICE OF PROPOSED PROPERTY TAX RATE CHANGE
Fri, 04/23/2021 - 1:00pm
Category: 

The Town of New Shoreham proposes to increase its property tax levy to $11,330,036 in the 2021-2022 budget year; the property tax levy this year is $10,697,375. The FY
2021 and FY 2022 tax levies have excluded motor vehicle excise tax for the purpose of determining tax levy growth pursuant to current law. THIS IS A PROPOSED INCREASE OF 5.91%.
It has been estimated that the proposed increase in property tax revenues will result in a property tax rate of $6.68 per $1,000 of assessed valuation, as compared to the current property tax rate of $6.36 per $1,000 of assessed valuation.
The preliminary FY 2021-2022 motor vehicle levy includes taxes on motor vehicles at an unchanged rate of $9.75 per $1,000 of assessed valuation, which includes the exemption amount provided by the state’s motor vehicle excise tax phase-out legislation up to $5,000.
A property tax rate of $6.56 would be needed in the coming budget year to raise the maximum levy authorized by section 44-5-2 of the general laws.
The Town of New Shoreham budget will be considered Monday May 3, 2021 at the Block Island School, High Street, Block Island, RI.
The above property tax estimates have been computed in a manner approved by the Rhode Island Department of Revenue.
Andre Boudreau
First Warden
Town of New Shoreham

TOWN OF NEW SHOREHAM
REPORT TO TAXPAYERS ON
CURRENT AND PROPOSED BUDGET
       
FUNCTION OR PURPOSE      
EXPENDITURES CURRENT BUDGET FY 2021 PROPOSED BUDGET FY 2022  
1. ADMINISTRATION $ 1,430,619 $ 1,578,393  
2. FINANCE 404,837 552,555  
3. FIRE/RESCUE/EMERGENCY MGMT 310,882 349,081  
4. POLICE 1,128,350 1,153,698  
5. HIGHWAYS/MAINTENANCE 943,594 992,322  
6. HARBORS 582,709 627,410  
7. BUILDING 300,204 266,402  
8. RECREATION 374,077 440,539  
9. LIBRARY 516,458 560,907  
10. GIS/TECHNOLOGY 327,480 424,685  
11. BOARDS/COMMISSIONS 192,663 210,189  
12. COMMUNITY SUPPORT 694,269 764,494  
13. SCHOOL SUPPORT 5,172,384 5,272,797  
14. CAPITAL BUDGET 543,000 665,000  
15. DEBT SERVICE 2,394,683 2,701,658  
TOTAL $ 15,316,210 $ 16,560,130  
       
REVENUES      
1. LOCAL PROPERTY $ 10,969,734 $ 11,665,347  
2. LOCAL NON-PROPERTY 447,215 533,350  
3. OTHER TOWN FEES/INCOME 1,692,450 2,099,420  
4. STATE AID 991,364 1,322,736  
5. RESERVES/TRANSFER IN 1,215,447 939,277  
TOTAL $ 15,316,210 $ 16,560,130  
       
       
CERTIFICATION: This is to certify that the data contained in this report is accurate to the best of my knowledge.
     
       
Andre Boudreau      
First Warden      
Town of New Shoreham