VEAZIE, Maine — Most, if not all, local property owners should see a slight decrease in their property taxes if the proposed municipal and school budgets are adopted as they stand.

Town Manager Mark Leonard and the town’s Budget Committee have developed a $5,751,855 budget for municipal operations in the year ahead. The total reflects an increase of about $9,304, according to a May 11 budget summary Leonard prepared for town councilors.

Meanwhile, the proposed $4,157,181 school budget is down $61,569 from this year. Leonard said the $2,828,754 local share for education will stay nearly the same as this year’s $2,828,823.

Last year’s local share total was the result of a compromise between town and school officials after voters rejected an earlier version of the budget during last June’s budget validation referendum. A slightly lower budget, however, was approved during a second referendum in August.

Both budgets have been reviewed and endorsed by the Veazie Budget Committee.

Leonard said that based on the municipal and school budget proposals and projected revenues, he and assessor Ben Birch are projecting that the town’s property tax rate will decrease slightly from the current $18.40 per $1,000 in valuation to $18.30 per thousand.

“With the decrease in mill rate and the new laws governing the the Homestead Exemptions [which this year increase from $10,000 to $15,000 for eligible homeowners], it’s projected that most, if not all property owners in Veazie will see a decrease in their taxes,” Leonard said in his budget summary.

Budget Committee Chairman Judy Horten credited Leonard and Veazie Community School Principal Matthew Cyr for holding the line on property taxes, which was the mission given to them by town councilors.

“Both administrators worked diligently to make this complicated and often difficult process amicable, transparent and straightforward,” she wrote earlier this month in a letter to councilors. “Both presented clear budget summaries and answered often difficult questions with great patience,” she said, adding that the proposed budgets would maintain the current level of services.

This year’s annual town meeting and school budget meeting will begin at 8 p.m. Tuesday, June 14, at Veazie Community School immediately after the polls close at the town office.