HEADLINES

Notice of Town of Wilton BOF Public Hearings on Proposed FY2022 Budget

Board of Finance of the Town of Wilton

Notice of Public Hearings

Pursuant to Article VII, Subsection C-30 D of the Wilton Charter, notice is hereby given that the Board of Finance of the Town of Wilton will hold public hearings on the Fiscal Year 2022 budgets proposed by the Board of Selectmen, the Board of Education and the Board of Finance at the times and places below:

BOARD OF EDUCATION/BOARD OF FINANCE:  Monday, March 29th, 2021, 7:00 p.m. on Zoom

 https://us02web.zoom.us/j/85438546466

BOARD OF SELECTMAN/BOARD OF FINANCE Tuesday, March 30th, 2021, 7:00 p.m. on Zoom

https://us02web.zoom.us/j/85438546466

At the hearings all interested persons and taxpayers of the Town of Wilton are invited to make comments or inquiries regarding the proposed budgets. Residents who wish to speak should indicate such by using the “raise the hand” function on Zoom.  Instructions will be provided at the meeting.  Residents can also submit public comment to  This email address is being protected from spambots. You need JavaScript enabled to view it.  prior to or after the meeting.  

The proposed expenditures are presented below in summary form, together with the estimated revenues and estimated rate of taxation.  Copies of the detailed requests are available on the Town’s website on these links:

Board of Education

Board of Selectman

Preliminary estimates by the Board of Finance for the rate of taxation necessary to support the Fiscal 2022 proposed budget are as follows and compared to approved budgets for FY2021 and FY2020:        

 

FY2022 

Proposed

FY2021 Approved

FY2020 Approved

Operating Expenses

     

Board of Selectmen Operating

 $        32,210,253 

 $       32,097,312 

 $       32,542,102 

Board of Selectmen Capital

 $          1,275,233 

 $           818,412 

 $        1,273,727 

Board of Education

 $        84,804,215 

 $       82,344,563 

 $       82,344,563 

Debt Service

 $          9,224,024 

 $        9,015,040 

 $       10,153,497 

Operating Expenses

 $      127,513,725 

 $     124,275,327 

 $     126,313,889

Reserve (aka Charter Authority)

 $          1,275,137 

 $        2,969,160 

 $           473,491 

Total Operating Requirements

 $      128,788,862 

 $     127,244,487

 $     126,787,380

Funding of Operating Requirements 

     

Non-Tax Revenue

 $          5,443,649 

 $        4,349,276 

 $        4,753,424 

Use of Excess Fund Balance 

 $          3,858,040 

 $        7,719,577 

 $        2,851,773 

Balance to be Funded by Property Taxes 

 $      119,487,173 

 $     115,175,634

 $     119,182,183

Calculation of Funding from Property Taxes

   

Elderly and Disabled Tax Relief

 $          1,210,000 

 $        1,210,000 

 $        1,210,000 

Tax Relief for WVAC and Georgetown

 $              20,750 

 $             20,750 

 $             20,750 

Property Tax Funding Required

 $      120,717,923 

 $     116,406,384

 $     120,412,933

Estimated Grand List

 $    4,326,099,334 

 $  4,281,687,742 

 $  4,249,234,560 

Estimated Collection Rate

99.3%

99.0%

99.3%

Collectible Grand List

 $    4,295,816,639 

 $  4,238,870,865 

 $  4,219,489,918 

Required Mill Rate 

28.1013

27.4616

28.5373

Required Mill Rate Increase

2.33%

-3.77%

1.24%

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