Stonington to vote on proposed $70 million budget Tuesday
Stonington — Voters will go to the polls Tuesday to vote on the proposed 2018-19 budget of $70.25 million.
The polls will be open from 6 to 8 p.m. at the following locations: District 1 and 3, Stonington Borough Fire Department; District 2, Pawcatuck Fire Department, and Districts 4 and 5, B.F. Hoxie Engine Co. firehouse, Mystic.
A town meeting to announce the results of the referendum vote will be held at 8:30 p.m. in the basement of Town Hall.
The budget shows a more than $2.3 million increase compared to the current budget, in large part due to a $1.8 million hike in debt payments caused by the $67 million elementary school project.
The proposed tax rate is 22.68, a decrease of 0.3 mill. The small decrease, however, is in large part due to the revaluation, which showed a grand list increase of 4.6 percent. To accurately determine whether the proposed budget would increase their tax bill, property owners must multiply their new assessment by the proposed tax rate and then compare that to their current tax bill.
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