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Madison voters passed both the town and Board of Education (BOE) fiscal year 2017-18’ budgets at referendum on May 16. The town budget passed with 763 “Yes” votes to 422 “No” votes. The BOE budget passed with 763 “Yes” votes and 426 “No” votes.
The combined town and school budget is $81,885,644, a $2,084,610 or 2.61 percent increase in spending. The BOE budget comes to $56,919,205, representing a $1,433,001 or 2.58 percent increase in spending. The town budget is $24,966,439, a $651,609 or 2.68 percent increase in spending.
The Board of Finance is expected to meet Wednesday, May 17 to discuss and set the mill rate.
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