If revenue other than property tax is projected to be the same or better, then the only conclusion is that spending is up. Meaning that our actual tax bills would be up with or without a revaluation.
Relative to the 14.6 % increase in net valuation:
The municipal portion of the tax rate is down only 8.8% meaning a significant increase in spending.
The county portion of the tax rate is down 11.7 % meaning a moderate increase in spending.
The state education portion of the tax rate is down 13.4 % meaning a minor increase in spending.
The local education portion of the tax rate is down only 3.3% meaning a major increase in spending. The local education portion is $8.11 out of $15.86 or 51% of the total tax bill.
As I don't follow Gilford town and school annual meeting results, I don't know what caused the big bump in town and school spending.
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