The Kids Carnival held at Stowe Elementary School on Saturday, January 24 has been cancelled due to the forecasted freezing temperatures.
On January 14 and January 28, the Stowe Selectboard will hold public hearings regarding potential charter amendments to increase local option taxes from 1% to 2%.
The CPI-U for September was 3.1% and November was 3.1%, October was not provided due to the Federal Government Shutdown. The Grand List is projected to grow by 1.0%. The anticipated growth in the grand list is $537,540, which provides $126,053 in anticipated new tax revenue. A penny on the tax rate raises approximately $542,916. The FY’ 27 Budget as proposed represents a net budget increase of $498,107 (+4.08%). The proposed budget is projected to increase the municipal tax rate $.0070 or (+3.08%).
FY'26 General Fund Budget Process & Timeline
Date
Agenda Item
Minutes
Recording
10/22/25
Preliminary Budget Discussions and Capital Fund Discussions
12/22/25
General Fund Operating and Capital Fund Presentations
1/8/26
Budget Deliberations, Community Appropriation Requests
1/14/25
Budget Deliberations
1/28/26
Public Hearing, Selectboard Deliberations, and Annual Meeting Warning Adoption
2/25/26
Informational Meeting for Annual Town Meeting
3/3/26
Annual Town Meeting - Click Here for Voting Information
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Total Expenditures: $18,641,622 (+1.73%)
Net Budget Increase: $147,356 (+1.02%)
Property Tax Raised: $12,729,387 (+4.07%)
Other Revenues: $5,912,235 (-2.97%)
Municipal Tax Rate: $0.2345 (+3.08%)
Budget Information
Town Meeting Warnings
Town Clerk's Office - Click Here for Election Information
The proposed FY'27 budget adds an additional $6.96 per $100,000 in Assessed Value to the municipal tax rate. To calculate the approximate change to your property taxes, multiply the assessed value of your property by 0.0000696.
For example, if your property is assessed at $500,000, the approximate change in property taxes based on the FY'27 budget proposal would be $500,000 x 0.0000696 = $35. Your municipal property taxes go from $1,138 in FY'26 to $1,172 in FY'27.