By Gwen Stanley
Special To The Standard
KILLINGTON — Going into Town Meeting this year, Killington faced financial challenges this year with Tropical Storm Irene recovery expenses as well as golf course debt.
Killington residents will vote on a Proposed General Fund budget of $5,920,737 of which $2,271,919 will be raised by taxes. Additionally, $183,304 will come as revenue into the General Fund from money currently held by the town’s Economic Development and Tourism Department.
Town Manager Seth Webb said of the proposed budget that “The plan holds the line on taxes by implementing hundreds of thousands of dollars in cuts to town departments, applying appropriate capital fund balances to flood recovery efforts, aggressively pursuing FEMA reimbursement, and tapping unspent, undesignated one percent revenues.”
The town holds a $5 million bond on the golf course, taken out in 1995 for 30 years, the outstanding principal of which is $1,480,000.
Killington voters will decide on the school budget from the floor at 9 a.m. Tuesday at Killington Elementary School. The proposed elementary school budget is $1,500,823, which is up $46,013 from this year’s budget of $1,454,810.
Australian balloting will be held and the elementary school from 7 a.m. until 7 p.m. Tuesday. Voters will also decide on a school director.
Charles Demarest is challenging incumbent Chris Bianchi for the open selectboard seat this year.
Killington’s Town Report is dedicated to the late Vernon Merrill, who passed away last year.