The Hillsborough Town Board officially entered budget season at Monday's meeting when Town Manager Eric Peterson released his budget proposal.
Highlights of the proposed budget—water rates would increase by 6 percent each year for the next three years, sewer rates would increase by 8.8 percent each year for the next five years and six positions—one which is currently filled—would be eliminated.
Property taxes would remain even at 62 cents per $100 valuation.
The proposed budget presents $13.5 million in operating expenses—$6.6 million in expenses in the general fund and $6.8 million in expenses in the water and sewer fund. This would be a 17.5 percent increase in the general fund and 9.1 increase in the water and sewer fund from fiscal year 2011.
For more information, see the Wednesday, May 11, edition of the News of Orange.
The next budget meeting is Monday, May 23, at 7 p.m. in the Town Barn. Visit the town website for the full schedule.