Is it magic? Barkhamsted increases budget without raising taxes


 

BARKHAMSTED — Despite an increase in municipal spending, school budgets and rising energy costs, Barkhamsted’s Board of Finance is not anticipating an increase in taxes this year. The board has proposed a zero-percent tax increase for the 2008-09 fiscal year — for the third consecutive year.

"The town’s ability to maintain flat taxes for the coming year is based on growth in the grand list, additional state revenues and moderate budget increases," the board said in a written statement Monday.

"Everyone was very fiscally prudent in their budgets this year," said First Selectman Don Stein. "The balanced budget is a combination of fiscal restraint, revenues and grand list growth."

Since the 2007 grand list, which the 2008-09 budget is based on, the tax base in Barkhamsted has grown by approximately 1.3 percent. This growth was a reflection of several newly constructed homes, motor vehicle purchases by residents, several small and home-based businesses added in town and a large number of building improvements and home upgrades.

On the expenditure side, the Region 7 school district presented Barkhamsted with a 2.8-percent ($123,945) increase in its assessment to the town. The Barkhamsted Board of Education asked for a 4.94-percent ($168,402) increase in its budget, due in part to new government-mandated programs. The town government’s budget also saw an increase by 3.59 percent ($59,744).

Property taxes collected between this year and next year are anticipated to rise by $92,491 and state revenues are expected to equal $202,168, an increase of 11.87 percent over the 2007-08 budget.

Capital projects planned for next year, including infrastructure changes at Town Hall and the town garage, along with several other smaller projects, will be funded by the town’s surplus account, which currently has a balance of $130,500.

On Monday, April 21, at 7 p.m., the Board of Finance will hold its annual public hearing, where it will present the Board of Education and general government budgets for the 2008-09 fiscal year. The board encouraged all residents to attend the hearing so that "community opinion" can be taken into consideration regarding any further changes to the proposed budget.

Should the budget be accepted, the mill rate will remain at 26.7.

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