Torrington City Council plans joint meeting with Board of Finance on tax phase-in proposal

In a recent Torrington City Council meeting held on May 5, 2025, significant discussions centered around the potential implementation of a five-year phase-in plan for property tax adjustments and the urgent need for a joint meeting with the Board of Finance. The council members expressed a strong desire to gather more information before making any final decisions that could impact taxpayers for years to come.

The conversation began with a proposal for a five-year phase-in of property tax changes, which would require careful consideration of its implications on the city's mill rate. Council members emphasized the importance of consulting with the Board of Finance, the city's financial decision-makers, to better understand the financial ramifications of such a decision. The urgency of the matter was highlighted by the approaching deadline for notifying the Office of Policy and Management (OPM) about any changes, with a report due by June 1.

Councilman Cacogneiro and others voiced concerns about the potential immediate and long-term impacts on taxpayers, advocating for a thorough review and discussion with the Board of Finance before proceeding. The council agreed to schedule a joint meeting to ensure that all financial aspects are considered, aiming for a decision that balances the needs of the community with fiscal responsibility.

In addition to the tax discussions, the council also addressed several other agenda items, including the approval of a contract for the installation of a new gymnasium floor at the Armory, which is necessary due to the current floor's deteriorating condition. The council approved the expenditure of $204,097 for this project, recognizing the importance of maintaining safe and functional facilities for community use.

Another key topic was the application for a $250,000 planning grant for a new public safety complex that would house both police and fire services. This project aims to address the inadequacies of current facilities and improve safety measures for first responders. The council members expressed support for the initiative, recognizing the need for modern infrastructure to meet evolving safety standards.

The meeting concluded with discussions on various grant applications, including a significant request for $10 million for the Safari Apartments project, which aims to enhance affordable housing options in the city. The council acknowledged the competitive nature of these grants and the importance of strategic planning to ensure successful applications.

Overall, the Torrington City Council meeting underscored the critical need for informed decision-making regarding financial policies and infrastructure projects that will shape the community's future. The commitment to involving the Board of Finance in discussions reflects a proactive approach to governance, ensuring that the interests of taxpayers are prioritized as the city navigates its financial landscape.