Town/Govt

Town well positioned for tomorrow

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The Town of Granby closed the books on the fiscal year—FY23—that ended on June 30 in a strong financial position, as anticipated.

Town/Govt

Preparing to address the next capital need

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In the last Drummer issue, an article about the budget public hearing erred in saying that the money that the boards view as reserved for the upcoming communications project was included in the recently-approved FY24 budget. It is not in the budget.

Town/Govt

The General Fund—Fiscal Workhorse

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Granby’s General Fund often shares the focus of the yearly budget process. While the operating budget itself can be viewed as similar to an income and expense statement as in business, the general fund is the checkbook through which all that budget activity runs and, in the end, is the repository for all of those monies coming in and going out—not just for the year but over the years since inception.

Town/Govt

Finance Constrains Spending, Mill Rate Change

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At its Feb. 15 meeting, the Board of Finance reviewed updated information relative to the budget for FY24 that begins on July 1. The total Grand List—subject to any final adjustments by the Board of Assessment Appeals—was filed as required with the state by Jan. 31, and showed an increase with revaluation of 28.34 percent over the Oct. 1, 2021, Grand List.

Town/Govt

Taking the mystery out of revaluation

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(REPRINT) The revaluation of property values is done every five years per state law. The “reval” being done effective for the Oct. 1, 2022 Grand List will affect tax bills issued for next fiscal year—July 2023.

Town/Govt

Taking the mystery out of revaluation

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The revaluation of property values is done every five years per state law. The “reval” being done effective for the Oct. 1, 2022 Grand List will affect tax bills issued for next fiscal year—July 2023.

Town/Govt

Finance Targets Limiting Mill Rate Change to 1 percent

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At its meeting on Feb. 15, the Board of Finance reviewed all available projections for revenue and expenses as known at that time. Acknowledging both the increase in costs of operating, as we all are experiencing at home, and the tight finances many families continue to experience, the BOF narrowed its focus to limiting the upcoming FY23 overall budget to an increase in the mill rate of 1 percent.

Town/Govt

Managing the FY23 Budget will have challenges

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The annual town budget process for fiscal year 2023 has begun with elected officials again seeking to find a balance between what people want with what people can afford in their property taxes.