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Glastonbury Town Council Giving $146 Million Town Budget Final Review

This week is the last review of the proposed budget before it goes to a public hearing in March.

 

The Glastonbury town council is completing its giving the $145.9 million proposed town budget a final review this week, before voting on sending it to a final public hearing on March 5.

The proposed 2013-14 budget represents an increase of 3.55 percent from this year’s budget, and would raise the town’s revaluation-adjusted mill rate from 34.1 mills to 35.5 mills. The increased mill rate would represent a 3.16 percent tax increase to town residents.

The proposed budget includes $37.3 million for town expenditures, an increase of 2.3 percent; $94.7 million for education, an increase of 4.25 percent; and $13.9 million for debt payments and fund transfers, an increase of 2.3 percent.

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Johnson said he removed $722,000 from town budget requests before the initial town meeting on the budget in January. Johnson noted that over 65 percent of the town budget accounts in the proposed spending plan either decreased or stayed the same from the previous year.

The town council will vote on whether or not to send the finalized town budget to a town meeting on March 5; following the final March 27 budget hearing, the council will then vote on the spending plan.

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