ARTICLE 3 - FY 2025 Municipal Budget Submitted By: Select Board To see if the Town will vote to hear and act upon the reports of the Select Board and Finance Committee relative to the Fiscal 2025 municipal budget totaling $32,279,422 , and to raise, appropriate, transfer money from available funds, and change the purpose of the unexpended balances of prior appropriations, all to be used for the ensuing year's operations as set forth below, including the compensation of elected Town officers, and to authorize the Town to enter into lease-purchase contracts for equipment having a term of five years or less; or to take any other action relative thereto. General Government 1,134,378 Finance 1,208,001 Planning 724,890 Public Safety 6,504,157 Public Works 5,649,389 Community & Cultural Services 1,684,519 Benefits & Other Misc. 7,190,415 General Fund Total: 24,095,749 For a General Fund Total of $24,095,749 including waterways; and Water Department 5,076,618 Wastewater Department 2,967,660 Sanitation, Solid Waste, Recycling 139,395 Total Municipal Budget 8,183,673 TOTAL MUNICIPAL BUDGET: 32,279,422 And that the following sums be raised and appropriated or transferred to fund the FY2025 budget: Raise and Appropriate 23,734,449 Septic Loan Program Payments 48,738 Tourism Account 2,000 Debt Premium 332 Overlay Surplus 175,000 Waterways Fund 135,230 Total General Fund Revenue Sources: 24,095,749 Water Receipts 5,076,618 Wastewater Receipts 2,967,660 Solid Waste & Recycling 109,395 Solid Waste & Recycling Retained Earnings 30,000 Total Enterprise Funds Revenue Sources: 8,183,673 TOTAL REVENUE SOURCES: 32,279,422 Summary: An annual operating budget must be adopted and funded for Fiscal Year 2025 which begins July 1, 2024. A budget was approved by the Select Board and submitted to the Finance Committee as required under the Town Charter and general by-laws. Detailed budget information is available on the town website at www.ipswichma.gov . Requires a Simple Majority Vote ARTICLE 4 – FY 2025 School Budget Submitted By: School Committee