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Cumberland board to review proposed $88M budget

May 20, 2014

CUMBERLAND – The Town Council’s Finance Subcommittee will open review of Mayor Daniel J. McKee’s proposed $88 million town budget for 2014-2015 when the three-member panel meets Thursday night in the Town Council chamber beginning at 6:30 p.m.
McKee’s budget provides the school department with an additional $1.8 million based on local and state support for a total proposed budget of $58.4 million. The mayor’s budget plan also would provide schools with a one-time capital expenditure payment of $651,000 for the purchase of middle school textbooks and student tablets through a Town Hall managed expenditure. Although representing approximately a $2 million increase over current spending, McKee said the good news this year is that the proposed budget does not represent an increase in the town’s current tax rate of $17.08.

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