The Town Council on March 31, 2021 approved a Total Expenditure Budget of $154.51 million for fiscal year 2021-22, representing an increase of 0.48% over the current fiscal year’s adjusted budget expenditure of $153.77 million. The estimated Mill Rate decline is 0.2% .
The Total Expenditure Budget includes Board of Education operating expenses of $83.33 million (up 2.72 %) and Board of Education transfers to the Health Internal Service Fund expenses of $8.94 million (down 8.36 %) for a combined Board of Education expense budget of $92.27 (up 1.53 %). In addition to these Board of Education expenses, the budget also includes $9.05 million of other Board of Education expenses paid by the Town. Town department operational expenses were $29.30 million (up 2.57%). Other budget items include a combined Town and Board of Education debt service of $16.99 million (up 3.76 %) and tax-funded capital projects of $1.73 million (down 22.53 %). To fund this budget, the amount to be raised from taxation is $139.84, (up 0.61%).
“With this budget our schools get a 2.72% increase in their operations budget, and they’ll continue to be the #1 public school system in Connecticut. As was the case in fiscal year 2020 and fiscal year 2021 where the Town provided a combined $1.94 million in special appropriation to meet Board of Education COVID-19 related expenses, the Board of Finance and Town Council is committed to doing the same in fiscal year 2021 and fiscal year 2022. This approved budget is estimated to slightly lower the tax rate and keeps the amount to be raised from taxation below 1%.” said Town Council Chairman John Engel.
The Town Council’s budget takes into account the Town Assessor’s reported 2020 Grand List increase of 0.85% to $7.80 billion from the 2019 Grand List of $7.73 billion. This Grand List combined with a $5.6 million fund balance draw down will result in projected reduction of the mill rate from the current 18.164 to an estimated 18.120 (down 0.24%). The final mill rate to be set by the Board of Finance on April 13, 2021.
The full budget is posted on the Finance Department page of this website.
For further information, contact: Lunda Asmani, Chief Financial Officer, 203-594-3024.