Posted by Wayne G. Barber
Well last nights FTM was pretty quiet until the end. We will be posting the video. Out out over 4000 residents in town the budget of roughly 13 million dollars was set by the 113 people in attendance. It was a increase of 3.4% with all departments being passed as presented. The largest increase was the police dept with 9.16 % increase. I'ts a $1.11 increase per thousand of assessed value of your property. For a example:
$222.00 increase on a house valued at $200,000
$333.
...00 increase on a house valued at $300,000
$444.00 increase on a house valued at $400,000
$555.00 increase on a house valued at $500,000
Its important to note that this is the 3rd or fourth year of a 3 to 4% increase, so the increase your getting has been compounded year after year. If you multiply your above tax increase x 4 and see what you get. If you really want to get depressed, multiply that out for the next 10 years, and ask yourself - can you afford your taxes in 10 years? And that would not include any bonds for future discussed plans for a new ball field , library, and police station, as any bonds are outside of the state max cap of 4% increase on the tax levy. We all love to live in Foster, but can we continue to live in town without making changes that are beneficial for ALL residents? Change is hard and difficult. Two issues were put up at last night's meeting, and to some extent, party politics brought both down. It would have been a good opportunity to talk about some facts even if they didn't move forward at that point. Emotions took front stage instead, and all taxpayers suffer the results.
Source: Synopis by Heidi Rogers on a Facebook Public Share
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