GUILFORD *** M Property NEW Assessment Tax Calculator OLD Assessment $70,000,000 Board of Education Budget vs Enrollment $65,000,000 $60,000,000 * $55,000,000 3,389 BUDGET REFERENDUM TUESDAY APRIL 18 3,362 You do the math! 3,291 Board of Education + Town Operations = $4.7M Increase $68,766,475 + $45,900,848 = $114,667,323 Annual Budget Students 3,079 Assessment 3,109 New Taxes 2,116 3,065 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 The Town Budget has increased by $14 Million since FY 2020. 3,400 3,300 3,200 3,100 3,000 Mill Rate X 0.02588 If this rate of growth continues the Town Budget will be $130M by 2029. How much longer until living in Guilford is unaffordable for the middle-class taxpayer? Nominal tax increases are expected every year but we need Fiscal Responsibility. X 0.03325 = - Old Taxes = Total Budget Over Time $120,000,000 $110,000,000 = $100,000,000 $50,000,000 $40,000,000 2016-17 Taxes How much more $$$ will I have to pay? Increase/ Decrease 2017-18 Total Budget Budget Trend 2018-19 2015-20 2020-21 2021-22 2022-23 2023-34 Vote April 18 It is YOUR money! Paid for by Fiscally Responsible Guilford Taxpayers GUILFORD *** M Property NEW Assessment Tax Calculator OLD Assessment $ 70,000,000 Board of Education Budget vs Enrollment $ 65,000,000 $ 60,000,000 * $ 55,000,000 3,389 BUDGET REFERENDUM TUESDAY APRIL 18 3,362 You do the math ! 3,291 Board of Education + Town Operations = $ 4.7M Increase $ 68,766,475 + $ 45,900,848 = $ 114,667,323 Annual Budget Students 3,079 Assessment 3,109 New Taxes 2,116 3,065 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 The Town Budget has increased by $ 14 Million since FY 2020 . 3,400 3,300 3,200 3,100 3,000 Mill Rate X 0.02588 If this rate of growth continues the Town Budget will be $ 130M by 2029 . How much longer until living in Guilford is unaffordable for the middle - class taxpayer ? Nominal tax increases are expected every year but we need Fiscal Responsibility . X 0.03325 = - Old Taxes = Total Budget Over Time $ 120,000,000 $ 110,000,000 = $ 100,000,000 $ 50,000,000 $ 40,000,000 2016-17 Taxes How much more $$$ will I have to pay ? Increase / Decrease 2017-18 Total Budget Budget Trend 2018-19 2015-20 2020-21 2021-22 2022-23 2023-34 Vote April 18 It is YOUR money ! Paid for by Fiscally Responsible Guilford Taxpayers