CONWAY — Selectmen, concerned about rising costs, Tuesday decided to use a modest amount of the fund balance to offset taxes this year and because last year’s rate was unusually low, it’s estimated the 2021 tax will go up by 64 cents.

The fund balance is money the town raised and appropriated but has not spent. However, it’s not cash on hand as the figure includes tax liabilities owed to the town but not necessarily collected. As of Tuesday, the town had about $3 million in the fund balance.

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