RIDGEFIELD, Conn. -- The Ridgefield Board of Selectman is looking to limit the tax rate to a 3.5 percent increase, the Ridgefield Press reported.
The board does not agree with a 5.72 percent increase for the school budget that Superintendent Karen Baldwin was seeking, according to the Ridgefield Press.
The board met Monday and Tuesday and talked about lowering the tax rate increase by cutting spending and taking from the over $13-million surplus fund for use as "non-tax revenue," according to the Ridgefield Press.
If the finance board does not use any of the fund balance, the $140 million budget would need a 5 percent tax increase, according to the report.
The selectmen's recommendation of a 3.5 percent increase would bring the mill rate from 26.01 to 26.92 next year, First Selectman Rudy Marconi calculated, said the Ridgefield Press.
That comes to 91 cents per $1,000 if the 3.5 percent increase is approved by a referendum in May, reported the Ridgefield Press.Click here to read the Ridgefield Press story.
Click here to sign up for Daily Voice's free daily emails and news alerts.