Monroe residents are voting on a budget today for the coming fiscal year. The $31.7 million on the town side and $64.4 million for the schools would increase taxes by 1.38 percent. The municipal spending plan is about a half a percent increase of the the current year. School spending, if approved, would increase 4.75 percent. The proposed mill rate would be 36.86. The Board of Finance will officially set the new mill rate after a new budget is adopted via referendum. Polls are open until 8pm.