The proposed increase from the city and school budgets is about half of property tax increase projected in the original proposal in April.

The proposed budget residents will vote on at Saturday’s Town Meeting is about $40,000 higher than the current budget.

The proposed municipal budget would raise taxes by 1.5 percent, a smaller amount than originally proposed.

Two tax increment financing districts for a proposed hardware store and natural gas pipeline at a special town meeting Tuesday night.

City Manager Scott Morelli is hoping councilors will decide on a budget Wednesday night for a public hearing next week.