Finances Page Updated In Preparation for Town Meeting

In preparation for the Annual Town Meeting on 6/20, the Financial Management Team has updated the FY24 Budget page under Finances on the town website. Recent additions are a document created by the Advisory Committee which benchmarks Princeton’s budget and taxation against similar towns, a tax rate estimate calculation, a projected tax levy summary, and a proposed budget / tax levy calculation. To help you understand why the budget growth over last year’s budget doesn’t violate Proposition 2 ½, there are links to three Division of Local Services Youtube videos which explain Proposition 2 ½, levy limit calculation, and levy ceiling calculations.