New London to host public hearing on proposed budget
New London — The city’s Appropriating Board will hold a public hearing on Wednesday to discuss the proposed fiscal year 2022-23 budget.
The hearing will start at 7 p.m. in the lecture hall of the STEM Magnet High School at 490 Jefferson Ave. The public hearing can be viewed on the City Council’s YouTube channel.
Mayor Michael Passero presented a combined $98.67 million budget, with a $2.37 million or 2.46% increase from the current budget. City officials credit the rise in the city’s grand list with what is expected to be a 1.72% decrease in taxes if the budget is passed.
The budget contains $53.45 million in government spending, a $1.66 million or 3.2% increase from the current budget. The budget contains $45.2 million in education funding, a 1.6% or $709,091 increase.
The entire budget is available online at ci.new-london.ct.us.
The Appropriating Board is composed of the seven city council members and five members of the Board of Finance.
Comment threads are monitored for 48 hours after publication and then closed.
