At a Town Meeting on May 22, 2024, the residents of Lyme accepted the Town of Lyme Annual Report for the Fiscal Year ending June 30, 2023; approved a budget of $12,386,376 for Fiscal Year 2024-2025; and approved a resolution authorizing the Conservation Commission to promulgate and enforce forestry regulations.

Immediately following the Town Meeting, the Board of Finance set the mill rate for the coming fiscal year at 14.50, which is an effective increase of approximately 1.3%, taking the recent townwide property revaluations into account.