The City of New Shoreham is proposing to increase its property tax levy to $ 11,330,036 in the 2021-2022 fiscal year. The property tax levy for this year is $ 10,697,375. The fiscal year
The 2021 and 2022 tax levies excluded motor vehicle excise tax in order to determine the growth of the tax levy under applicable law. This is a proposed 5.91% increase.
It has been estimated that the proposed increase in property tax revenue will result in a property tax rate of $ 6.68 per $ 1,000 of assessed valuation, compared to the current property tax rate of $ 6.36 per $ 1,000 of assessed valuation.
The provisional automobile levy for fiscal year 2021-2022 includes automobile taxes at an unchanged rate of $ 9.75 per $ 1,000 of the estimated valuation, including the amount exempted by state automobile excise tax exemption up to $ 5,000 is provided.
In the coming fiscal year, a property tax rate of $ 6.56 would be required to increase the maximum levy authorized under Section 44-5-2 of General Laws.
The New Shoreham City budget will be honored on Monday, May 3, 2021 at Block Island School, High Street, Block Island, RI.
The property tax estimates above were calculated in a manner approved by the Rhode Island Department of Treasury.
Andre Boudreau
First overseer
City of New Shoreham
| CITY OF NEW SHOREHAM | |||
| REPORT TO THE TAXPAYERS | |||
| CURRENT AND PROPOSED BUDGET | |||
| FUNCTION OR PURPOSE | |||
| EXPENDITURE | CURRENT BUDGET FY 2021 | Proposed budget for fiscal 2022 | |
| 1. ADMINISTRATION | $ 1,430,619 | $ 1,578,393 | |
| 2. FINANCE | 404.837 | 552,555 | |
| 3. FIRE / RESCUE / EMERGENCY MGMT | 310,882 | 349.081 | |
| 4. POLICE | 1,128,350 | 1,153,698 | |
| 5. MOTORWAYS / MAINTENANCE | 943,594 | 992,322 | |
| 6. PORT | 582.709 | 627,410 | |
| 7. BUILDING | 300.204 | 266,402 | |
| 8. RECREATION | 374.077 | 440,539 | |
| 9. LIBRARY | 516,458 | 560.907 | |
| 10. GIS / TECHNOLOGY | 327,480 | 424.685 | |
| 11. BOARDS v COMMISSIONS | 192.663 | 210, 189 | |
| 12. COMMUNITY SUPPORT | 694.269 | 764.494 | |
| 13. SCHOOL SUPPORT | 5,172,384 | 5,272,797 | |
| 14. CAPITAL BUDGET | 543,000 | 665,000 | |
| 15. DEBT SERVICE | 2,394,683 | 2,701,658 | |
| TOTAL | $ 15,316,210 | $ 16,560,130 | |
| REVENUES | |||
| 1. LOCAL PROPERTY | $ 10,969,734 | $ 11,665,347 | |
| 2. LOCAL NON-OWNERSHIP | 447.215 | 533,350 | |
| 3. OTHER CITY CHARGES / INCOME | 1,692,450 | 2,099,420 | |
| 4. STATE AID | 991.364 | 1,322,736 | |
| 5. RESERVES / TRANSFERRED TO | 1,215,447 | 939.277 | |
| TOTAL | $ 15,316,210 | $ 16,560,130 | |
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CERTIFICATION: This is to certify that the information contained in this report is correct to the best of our knowledge and belief. |
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| Andre Boudreau | |||
| First overseer | |||
| City of New Shoreham | |||