Police union contract a top concern for Bedford voters
Voters will be asked to approve the Town Council’s proposed $26,020,675 operating budget for fiscal year 2014-15 — an increase of 2 cents per $1,000 assessed property valuation for a projected town tax rate of $4.99, or an $8 increase for a $400,000 home.
During the budget season, the Town Council cut the proposed operating budget in several areas, including a reduction of $154,000 in insurance costs, applying $100,000 in 2013 surplus funds to 2014 purchases, and increasing motor vehicle and meals and room tax distributions by $181,000. The council also applied funds to the Tax Increment Financing District, which was created in 2010 to identify South River Road property values and tax revenues and to invest in the area’s infrastructure.
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