Town
Overall inflation impacting both home and local government
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What has happened so far, and next steps
Town
Board of Finance looks to shift resources for better use
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The Town Boards and administration have begun to look ahead to the next fiscal year, running from July 1, 2023, thru June 30, 2024 (FY24).
Town
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
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
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
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.
Town
Keeping Granby fiscally strong and well positioned for tomorrow
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In the last issue of the Drummer, it was reported that Standard and Poor—one of the key municipal credit rating agencies—had reaffirmed our rating at AA+. That allowed the town to recently borrow at a favorable rate of interest on its bonds (1.55 percent net).
Town
Building the FY22 budget to help manage the next ones
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The Fiscal Year 22 budget proposals from the Board of Selectmen and Board of Education have been forwarded to the Board of Finance. On Monday, March 29, the finance board will review them, ask questions of the two boards and administrations and then finalize a unified budget package to present to the Budget Public Hearing on Monday, April 12 as designated in the town charter.
Town
On target to hold mill rate flat
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At its February meeting, the Board of Finance set guidelines for FY22 operating budgets that freeze the mill rate at the same level as it has been for the past two years. The action reflects the ongoing impact of the pandemic.
Town
Budget challenges in a very untraditional year
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While mid-January is traditionally the time when the Three Boards—Selectmen, Education and Finance—come together to collectively review budget projections for the next fiscal year of FY22, pandemic restrictions preclude the 18 members of these boards from physically meeting. Instead, the two operating boards have forwarded to the Board of Finance the look-aheads at next year—the Plus One budget forecast—as prepared by their respective administrators.