In his letter to the editor of Nov. 23, Steve Williams agonizes over the potential impact of our budget surplus on Charlestown’s property-tax rate.
The budget surplus reflects superior fiscal management in Town Hall, and a declining enrollment in the regional school system. Charlestown has the fourth-lowest tax rate of all 39 municipalities in Rhode Island. It is a mystery to me why anyone would want to mess with current policy, other than to fuel political wrangling.
Adjusting the property-tax rate in order to zero-out the fund balance amounts to pennies on the mil rate, and unnecessarily introduces volatility in the real-estate market.
The proposed Fund Balancing Policy is a solution in search of a problem.