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Stonington - A town meeting will be held tonight on the proposed $58.5 million budget for 2014-15 and its .55-mill tax rate increase.
No vote will be taken on the budget at the 7 p.m. meeting at Stonington High School as a May 6 referendum has been scheduled. Instead, residents will only comment tonight on the controversial budget proposal.
Two weeks ago the Board of Finance refused to restore all of the $525,000 it had cut from the $1 million school budget increase even though more than 500 residents attended a public hearing and urged members to do so and let the town vote on the budget. Instead the board restored $270,000 and combined with the transfer of state-funded $65,000 magnet school transportation bill out of the school budget, the cut to the original proposed increase now stands at $190,000.
The overall town, school and capital improvement budget now calls for a 1 percent increase and would raise taxes to 20.43 mills.