Fiscal 2018 Budget
Town Manager Unveils FY2018 Budget Which Includes Five New Positions
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The Fiscal Year 2018 Watertown budget presented by Town Manager Michael Driscoll is nearly 4 percent higher than Fiscal 2017 and includes a 5 percent increase for the Watertown Public Schools and new positions for a handful of municipal departments, including the Police Department and Library. Tuesday night Driscoll presented the budget to the Town Council for the 25th time, see the presentation here. The town budget totals $132.6 million, which is $5 million more than the previous year. Local real estate and personal property taxes total $94.8 million and State Aide accounts for $12.1 million. Local receipts – inspection fees, motor vehicle excise taxes and hotel excise taxes – provide $11.9 million for the budget.