PLYMOUTH – The 2022-2023 budget has been approved by the Town Council with a 2.89% increase, which Mayor Joe Kilduff says is largely a result of high inflation.
The budget totals $43,272,133, an increase of $1,214,364 or 2.89% over last year’s budget of $42,057,769.
“It was a difficult year,” said Kilduff. “With the high inflation, we have seen our costs increase a lot. We also had a lot of union contract increases, which were settled during the prior administration last year, and a revaluation. Everything hit all in one year. With all of that considered, we have still tried to be as fiscally responsible as possible.”
Municipal expenditures totaled $17,500,371, an increase of $734,767 or 4.38% over last year’s total of $16,765,602. Board of Education expenditures totaled $25,074,985, an increase of $522,958 or 2.13% over last year’s total of $24,552,027.
Last year’s budget saw a 1.21% increase. But, Kilduff said that comparing the two budget years is “like comparing apples and oranges.”
“With revaluation, a $150,000 house probably increased by 15%,” he said. “The costs of everything – supplies and utilities included, is more expensive.”
Among the municipal expenses this year, Kilduff said, there will be significant investments in infrastructure. When Kilduff was running for election last year, he said the “number one issue” when speaking to voters was the condition of local roads.
“The town aid to roads will be increasing this year,” he said.
Kilduff said that the town’s programs will be fully funded with this year’s budget. The town also deliberately avoided using money from the unassigned fund balance to offset inflation.
“We do not know how long this inflation will continue,” he said. “We want to have that balance available in case the economy takes a serious downturn.”
Brian M. Johnson can be reached at 860-973-1806 or firstname.lastname@example.org.