Understanding Local Taxes
Navigating the complexities of local taxes can be challenging. Our comprehensive guide provides an overview of the tax structure in Edgecomb.
We aim to equip residents with the necessary knowledge to manage their tax responsibilities efficiently and make informed decisions regarding their financial commitments.
Edgecomb Property Tax Rates 2004-2024)
Local Elementary MCAS 2022-2023 Test Scores (English)
Local Elementary MCAS 2022-2023 Test Scores (Math)
Local Elementary MCAS 2022-2023 Test Scores (Science)
Total Education Budget vs. Consumer Price Index
Eddy School Enrollment
Fire Department growth vs. Annual U.S. inflation
Currently there are 31 students Tuition-IN at Eddy
FY 2023-24 Maine DOE cost per student at Eddy = $31,502
FY 2024-25 Maine DOE Eddy tuition per student = $18,813
Consider the following:
Edgecomb expects to receive (31 X $18,813) = $583,502
Creating a surplus to budget (and potential carry forward) = $347,203
At the same time, there is a projected LOSS of ($31,502 – $18813) = $12,689 per student
Creating an actual TOTAL LOSS of (31 X $12,689) = $393,359
IN SUMMARY:
Edgecomb residents are being asked to expend almost $400,000 to educate non-resident students without proper disclosure or notification.
The FY 2024-25 budget does not accurately represent the expected revenue from tuition-IN students
The FY 2024-25 budget does not accurately reflect the expected loss due to tuition-IN students.
History of the Eddy School Student Population