Yarmouth SCHOOLS

Increased school budget wins by wide margin

Yarmouth residents approved a $21.2 million school budget for 2014-2015 on Tuesday.

Although spending will increase by 1.8 percent, the town’s overall tax rate is expected to decrease 1.5 percent.

The school budget approved Tuesday, 1,187-299, is $374,000 higher than the current $20.8 million spending plan.

The town’s total budget, including municipal and county spending, is set to increase $840,510, or 2.6 percent, from $32.7 million to $33.6 million.

The tax rate, however, is expected to decrease 33 cents, or 1.5 percent, from $22 to $21.67 per $1,000 of assessed property value.

The spending increase will be more than offset by an additional $570,000 in state education funding and new sewer fees.

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