WILTON – Selectmen will review Town Manager Peter Nielsen’s estimate of what next year’s municipal budget will look like if the Palesky referendum passes in November. The meeting begins at 7 p.m., Tuesday, Aug. 3, at the town office.

The Palesky proposal seeks to cap property taxes in Maine at 1 percent of a property’s 1996 valuation, plus an allowance for pre-existing debt. The proposal would also limit changes in assessed values to 2 percent per year, except for properties that are sold or newly constructed.

Last month selectmen signed a resolution dedicating any funds received from the passage of Question 1 in June to property tax relief. They said they expect property taxes to be decreased by about 15 percent.

The town of Brewer is calling on all municipalities in the state to pass the same resolution in an effort to show voters that the funds will not be spent for any other purpose. The move is also an effort to encourage voters not to pass the Palesky bill. While that bill will also lower property taxes, officials said it would cause a serious decrease in town services in Maine.

In other business, selectmen will act on a letter of resignation from Police Chief James Parker. Parker has been on the Wilton police force since November 1971, and has served as chief for the past 26 years. Parker is also a part-time deputy sheriff for the Franklin County Sheriff’s Department. His resignation becomes effective Sept. 7.

Officials will consider a proposal for a monument to recognize the Burgess family for its donation of land to the town in 1994.

At their last meeting, selectmen agreed to erect a plaque in honor of Milford Burgess, whose wife, Lillian, donated 11 acres to the town in his name. The land was to be used for recreational purposes. Their son, Harlan, asked that selectmen recognize the gift with the plaque, an idea that was presented at the time the gift was made. Nielsen agreed to look into the costs and other details and present them to selectmen for their consideration.

Officials will also discuss an urgent needs grant award for partial funding of a project to extend public water to homes on Bennett and Thompson streets, open bids for the sale of the fire chief’s 1983 Dodge Diplomat, and hear a report from Highway Department foreman John Welch.