Tentative budget depicts tax increase in Pomfret
A tentative budget unveiled recently shows a slight tax rate increase for town of Pomfret residents.
Pomfret Town Supervisor Don Steger presented the 2018 tentative budget to board members during a special meeting. Within the proposal, the townwide tax rate saw a 5 cent increase to $3.98 per $1,000 of assessed valuation. The total outside the village tax rate also depicts a 5 cent increase, $8.60 per $1,000 of assessed valuation.
“Part of this is in lieu of minimum wage required increases and just increased cost in business,” Steger told board members.
The tax levy, or amount to be raised by taxes, as detailed in the tentative budget is $1,276,007.45. The levy is $10,107 under the levy limit cap. Appropriations within the 2018 tentative budget total $3.3 million, which is down from the enacted 2017 budget.
Last year, the town board approved a budget with a townwide tax rate of $3.93 per $1,000 of assessed valuation. The outside the village tax rate was $8.55 per $1,000 of assessed valuation.
The tax levy in the 2017 budget was $1,257,647 while total appropriations totaled $3,407,955.
The board must call a public hearing regarding the budget before Nov. 9. The board needs to pass a spending plan by Nov. 20.