The tax levy will rise 12 percent in Little Compton after voters at Tuesday's annual Financial Town Meeting overwhelmingly approved an $18.3 million municipal and school budget for the 2025-26 fiscal …
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The tax levy will rise 12 percent in Little Compton after voters at Tuesday's annual Financial Town Meeting overwhelmingly approved an $18.3 million municipal and school budget for the 2025-26 fiscal year.
The Wilbur and McMahon gymnasium was packed with hundreds of voters and the meeting scheduled to begin at 7 p.m. did not get underway until nearly an hour later as volunteers worked to checked in voters.
The vote in favor of the 12 percent tax levy increase, three times the maximum allowed under state law and the largest tax increase in Little Compton in more than 30 years, came four days after Governor Daniel McKee approved the town's request to exceed the levy cap contingent on the town voting in favor.
Had it not passed, Little Compton officials would have been faced with cutting more than $1 million from the budget, after cutting more than $500,000 last month following the unexpected discovery of a $1.5 million deficit.
As written, warrant article 65 authorized an 11.1 percent levy increase. But that amount was amended to an even 12 percent by the floor.
“I strongly advise that we go to the 12 percent,” resident Sal Marinosci said from the floor. “It’s going to be hard for us to go before the state again to up our levy, so let's bite the bullet and do it now.”
The levy increase is not a one-time bailout as it will be the baseline for next year's budget.
— With reports by Ted Hayes