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College's endowment rebounds

Posted on December 15, 2011 |
By Andrea Suozzo



MIDDLEBURY — After a turbulent couple of years, it looks like Middlebury College is out of the woods financially.

That’s according to Patrick Norton, vice president and treasurer at the college. Norton said that although the school’s endowment has rebounded to $825 million from its low point in March 2009, the financial crisis has changed the way the institution handles its money.

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Middlebury tax rate to decrease

Posted on July 14, 2011 |
By John Flowers



MIDDLBEURY — The Middlebury selectboard recently set a 2011-2012 residential property tax rate of $2.5223 per $100 in property value, representing a 4-cent decrease compared to the tax year that ended June 30.

Officials attributed the decrease in large part to schools holding the line on expenses.

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College sees stable financial footing

Posted on February 18, 2010 |
By Andrea Suozzo



MIDDLEBURY — More than a year after the stock market fall shot a huge hole in Middlebury College’s endowment and sent the institution scurrying to right its financial ship, college President Ron Liebowitz this week will present balanced budget proposals through 2015 to the college’s board of trustees.

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Ferrisburgh officials propose 3-percent hike in municipal budget

Posted on February 8, 2010 |
By Andy Kirkaldy



FERRISBURGH — Ferrisburgh selectmen have proposed a 2010-2011 budget that, including charitable donations to be decided by residents on Town Meeting Day, would add about a half-cent to the town’s property tax rate. That increase would translate to $5 per $100,000 of assessed value.

Including about $57,700 of charitable requests, selectmen are proposing increasing town spending from about $1.52 million to $1.565 million.

That increase of about $45,500 translates to roughly 3 percent.

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ID-4 directors propose budget increase of 1/52%

Posted on February 1, 2010 |
By John Flowers



MIDDLEBURY — Middlebury voters on April 14 will consider a proposed Mary Hogan Elementary School budget of $5,771,990, representing a 1.52-percent increase in spending compared to this year.

The budget reflects no new programs, nor additional teaching staff. It actually represents a decrease of $87 in spending per pupil (from $13,539 to $13,452). That’s in large part because the school anticipates welcoming eight additional students next year, for a potential total of 395, according to Mary Hogan Elementary School Associate Principal Tom Buzzell.

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Middlebury seeks to weatherize town gym

Posted on February 1, 2010 |
By John Flowers



MIDDLEBURY — It’s been no secret that the Middlebury municipal gym has been leaking thousands of dollars in heat each year. Selectmen on Tuesday ordered an energy audit to determine exactly where the heat is escaping and how the building could be tightened up to keep energy in and the cold out.

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Changes to Mount Abe food service eyed

Posted on February 1, 2010 |
By Kathryn Flagg



BRISTOL — Mount Abraham Union High School board members are eyeing possible changes to the school’s food service program as a way to save more than $100,000.

The board discussed the changes briefly at a Jan. 19 meeting that drew current food service employees who urged board members to consider more than fiscal savings as they contemplate the future of the program at Mount Abe.

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ANeSU schools dodge deep budget cuts

Posted on January 28, 2010 |
By Kathryn Flagg



BRISTOL — Elementary schools in the Addison Northeast Supervisory Union are escaping some of the severe budget cuts wracking other schools in the county, but residents are still projected to see tax rate increases ranging from 3 to 13 cents in the five ANeSU towns if the schools’ budgets are OK’d by voters at Town Meeting Day in March.

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Leicester to vote on lower school budget

Posted on January 28, 2010 |
By Andrea Suozzo



LEICESTER — The Leicester Central School board has voted to adopt a proposed 2010-2011 spending plan of $1,400,086, which represents a decrease of $8,573, or 0.82 percent, in total spending from the current year.

The board met on Jan. 13 to finalize the budget, which will go to a vote on Town Meeting Day in March.

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Brandon to consider $2 million budget

Posted on January 28, 2010 |
By Lee J. Kahrs



BRANDON — The Brandon selectboard on Monday approved a proposed $2,018,360 municipal spending plan for 2010-2011 that includes money for a part-time recreation coordinator and a significant increase in economic development funding.

Those funds are available because there are no raises in the proposed budget for town management, including the town manager, the superintendent of public works, and the police chief. One full-time public works employee has also been cut, leaving three full-time workers and the superintendent.

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