Hanson residents will vote on the Fiscal Year 2026 budget at the Annual and Special Town Meeting on May 5. The warrant includes a proposed override article. This is a frequently asked question.
QUESTION: What is the difference between an override and a debt exclusion?
ANSWER: An override is a permanent increase to the levy limit. It is designed to provide funding for municipal expenses likely to recur or continue into the future, such as annual operating and fixed costs. However, an override may be used for any municipal spending purpose.
A debt exclusion is a temporary tax increase, with the length determined by the term of bonds purchased. Once the bond term ends, no further taxation is needed. Debt exclusions are used for capital projects, such as public building, public works projects, land and equipment acquisitions.
For more Frequently Asked Questions about Hanson’s budget process and this year’s override proposal, click here.