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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jul 21, 1966
Page
5
Bennington treasurer Michael Hogan Jr. analyzes how 1966 tax bills rise from two factors: reassessments and higher budget needs. He compares hypothetical rates based on last year’s Grand List with actual 1966 rates, noting district boards used 25 to 30 percent Grand List increases. School board estimates may skew accuracy versus town and village boards.
The analysis compares 1965 and 1966 tax bills under a hypothetical 1966 rate based on the 1965 Grand List. It shows a 27.5 percent breakeven in assessment. increases above raise taxes, while no change in assessment lowers taxes due to stabilized assessment offsetting higher budgets. Details include 1966 town and village increases for a $3,000 ($30) assessment and the effect on outside town vs Bennington village districts.
Vermont's work force rose to a June peak of about 172000 with Bennington employment near 11750 up 400 from a year earlier. June payrolls rose nearly 5000 from May, the state Employment Security Commissioner said, as unemployment held at 3.1 percent, the best in nine years.
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