In preparation for the upcoming fiscal year, the Monterey Finance Committee has unveiled a budget recommendation that seeks to maintain current property tax levels while adjusting other financial aspects. Notably, the plan calls for an increase in garbage collection fees and provides a cost-of-living adjustment for municipal workers without altering their health benefits. This strategy aims to address monetary constraints while ensuring fair compensation for city personnel.

According to Jamie Phillips, chair of the finance committee, city employees will receive a two percent raise to account for living expenses. To offset this additional expenditure, residents can expect a significant rise in sanitation-related charges. Specifically, the solid waste fee is set to climb by 40 percent. This decision reflects a careful balancing act between supporting public servants and managing municipal finances responsibly.

The proposed budget maintains the existing property tax rate at $1.39, avoiding further financial strain on homeowners. By keeping taxes stable and enhancing employee remuneration, the committee hopes to foster both community stability and workforce satisfaction.

Despite the increased burden on trash collection services, the committee emphasizes that these adjustments are necessary to sustain essential municipal operations. The proposal underscores the importance of strategic financial planning to ensure long-term viability for Monterey's infrastructure and services.

With this budgetary approach, Monterey seeks to strike a balance between maintaining affordable property taxes and adequately compensating its workforce. The recommended changes aim to secure the town's financial health while continuing to deliver critical services to its residents.