Capital spending shaved by $500,000

KENT — Budget planning season is underway and so, of course, is budget trimming season. First Selectman Bruce Adams came before the Board of Finance (BOF) March 20 and presented cuts totaling a half million dollars from the town’s five-year capital plan.“You asked us to cut $500,000 in anticipated spending in the capital plan for fiscal year 2017,” Adams said. “This was achieved in two ways. First, the Kenico Road maintenance work had been scheduled for $600,000 in that year. We moved $125,000 of that back into fiscal year 2016, and $275,000 forward to fiscal year 2018. “Second, with the agreement of the Kent Volunteer Fire Department, we split the 2017 truck replacement amount of $125,000, adding $62,500 to the 2018 and 2019 fiscal year amounts.”An additional savings was found by the Board of Education, which got a new cost estimate for the planned roof replacement at Kent Center School. The new estimate is $500,000, down from the original amount of $625,000 — and it could go even lower, Adams said.The combined five-year capital plan for the Board of Education and the selectmen (BOS) shows spending in fiscal year 2013 of $311,000; in fiscal year 2014 of $375,000; in fiscal year 2015 of $875,000; in fiscal year 2016 of $900,000 and in fiscal year 2017 of $847,000.The BOF approved the five-year capital plan as presented.Adams also presented the selectmen’s proposed municipal budget for 2012-13 (the fiscal year begins July 1). The proposed budget of $2,788,884 is 1.9 percent higher than the current budget. Adams noted there are very few increases in the proposed budget other than salaries or salary-related items. Town employees (full- and part-time) are slated to get a 2.5 percent raise, on average. Some employees will get a higher percentage increase due to increased responsibilities. There are also some mid-year salary increases for the town clerk’s office, Building Department clerk and treasurer. Treasurer Barbara Herbst said that some bonds were sold March 27 and the sale should realize some savings for the town. The town is currently rated AA2 by Moody’s rating service, the third level down from the top.The finance board will review the proposed Board of Education budget in the beginning of April. After reviewing that and the municipal budget, the BOF will present a combined town budget for the new fiscal year on April 27. A public hearing will be held on the new budget on May 4. There will be a town meeting at 8 p.m., at Town Hall, on May 18 to vote on the budget.

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