As Town Administrator Galen Stearns presented his proposed FY 16 budget to the Town Council and a crammed meeting room, the Council had almost as many questions about Stearns’ process as they did about the budget itself.
After efforts to craft a budget based on a $2.50 cut per $1,000 to the town portion of the tax rate and then a $2 cut, Stearns presented a budget Tuesday night, April 21, that calls for a $1 cut to the tax rate and leaves many components of Derry life untouched.
Stearns’s first effort, shown on PowerPoint slides, presented a proposed cut of $2,435,005.70 to the tax rate. This would leave Derry with a town tax rate of $8.71 per $1,000, as opposed to the current town tax rate of $9.72. It would result in a $1.01 cut to the tax rate. Components of the proposed budget are as follows: