Westport’s mill rate is set.
It’s exactly the same as last year.
The Board of Finance voted unanimously last night to keep the town’s mill rate at 16.86, for fiscal year 2017-18. The board did express concern about the possibility of a mid-year “supplemental assessment,” depending upon state finances.
The total town budget is $204,240,189.
First Selectman Jim Marpe said:
I am proud of our department heads for working diligently to control costs and improve efficiencies, while at the same time maintaining and enhancing our infrastructure. We have been able to absorb the fully restored school budget through the efforts of all town departments. We continue to reform our pension and health programs as we continue to fully fund our obligations and aggressively pay down debt.
Our community is united to ensure that Westport continues to be a highly desirable place to live – for our youth, young families, and seniors. In addition to fully supporting our world-class schools, this year’s budget includes enhancements to downtown, the beaches, and the senior center. Our grand list continues to grow and enables us to mitigate property tax increases, reflecting the confidence residents and businesses have in investing in Westport.
Board of Finance chairman Brian Stern commended “the hard work and commitment of the town’s department heads and professionals. While not raising property taxes, we will also be able to retain reserves at 11%, at the high end of our policy range and consistent with the town’s Aaa rating.”