KINGFIELD — With the annual town meeting a month away, both selectmen and the Budget Committee each approved a 2014-15 budget that is up slightly from last year.

At their Monday night meeting, selectmen reviewed and signed the annual town meeting warrant and budgets that reflect the Budget Committee’s recommendation for a 2.5 percent increase and selectmen’s recommendation of a four percent increase.

Last year’s total amount raised and appropriated was $803,921. The Tax Increment Financing agreement with Poland Spring allowed the town to add an extra $134,125 in revenues.

This year, selectmen recommended raising and appropriating $836,552 and using $147,000 of TIF funds, for a total of $983,652. The Budget Committee recommends raising and appropriating $824,052, and using the same TIF amount, with a final budget of $971,152. The difference of $12,500 is mostly due to different recommendations to fund requests from organizations, according to board Chairwoman Heather Moody.

The annual town meeting starts at 9 a.m., on Saturday, June 7, at the Kingfield Elementary School. Both the Budget Committee and selectmen have met to review each cost center.

In other news, Administrative Assistant Leanna Targett said four properties in foreclosure will be sold as soon as town attorney Frank Underkuffler has completed necessary legal paperwork. The owner of a fifth property has made payment arrangements, she said.

Moody announced said the town will not receive a Community Development Block Grant this year. The funding would have helped pay for much of the repairs and replacement of the wastewater system. Rodney Lynch, the town’s economic development consultant and grant writer, told Targett there might be some funding available after all the approved grantees have received their requested allocations.

“I won’t know how much is left for a couple of weeks,” she said.

Selectmen also reviewed street sweeper costs of $25,000 to $43,000, depending on the type of hydraulics and attachments included. The sweeping equipment can be attached to a loader truck, according to selectman Merv Wilson, and the money possibly can be funded through the town’s TIF agreement.

Currently, Public Works Department employees do most of the work by hand, and those work hours could be used more efficiently, he said. Another town plans to purchase a different system with a truck, according to Targett, so she will pursue that option to buy second-hand equipment.

Townspeople should be prepared for traffic delays and extra pedestrians at the north end of Main Street on May 18, selectmen noted. The annual Sugarloaf Marathon and Sugarloaf 15K races follow the Maine Scenic Highway on Route 27. The 15K starts at 7:30 a.m. at Ayotte’s Country Store, five miles below the Sugarloaf access road in Carrabassett Valley. The marathon starts at 7 a.m. at Cathedral Pines Campground in Eustis.

Both races end in Kingfield, and the events could draw another 2,000 visitors and competitors to the downtown area, especially at the afternoon finishes.