Board of Finance
Chairman
| Gary Lord
| 860-350-6300
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| | Clerk | Chris Giordano | 860-355-2986 |
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Meetings
The Board of Finance meets on the 3rd Tuesday of the month at 7:30 p.m. in Town Hall
Town Budget Update FY 2008-2009
The Annual Town & Budget Meeting is scheduled for Tuesday, May 20th at 7:30 p.m. in Town Hall, after which the Board of Finance will meet to set the mill rate. The Board of Finance has finalized the town's 2008-2009 fiscal year budget. The Town's municipal budget is $3,323,500, a 3.61 percent increase over last year. The Town's share of the Region 12 School District budget is $6,119,010, which equates to a 5.76 percent increase to the Town. The School budget is 65% of the Town's total budget. The combined Town and School total budget for Roxbury equals $9,442,510 which is a 4.99 percent increase over last year.
Three major capital projects have been budgeted, which together are over $1 million. The three projects are Judds Bridge Rehabilitation, which the Town received a $445,000 STEAP grant to help offset the cost the approximate $520,000 cost; Minor Bridge Rehabilitation, which the Town received a $250,000 STEAP grant last year to offset the cost approximate $500,000 cost; and Squire Road which will be paid entirely with municipal funds that were previously budgeted, along with a Municipal Lease Agreement.
Copies of the proposed budget are available in the Town Clerk's Office, Selectmen's Office, Minor Memorial Library and on the Home Page of this website. Assuming all budgets pass, the mill rate will be set at 10.9, a 4.5 mill decrease from the current 15.4.
Minutes
March 18, 2008
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