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Cheshire council debates CNR cuts, revenue risks and mill-rate targets as $15 million gap looms
Summary
Town Manager Sean Kimball presented a budget that reduces capital nonrecurring (CNR) funding and relies on fund balance and projected revenues; the council ran a straw poll that centered on a 29.31 mill target (roughly a 6% average tax increase) while discussing cuts, bond proceeds and a 2-year window before major North End revenues appear.
Town of Cheshire councilors and staff spent the meeting’s main block reviewing the town manager’s proposed budget, discussing capital nonrecurring (CNR) funding levels, revenue assumptions and a near-term budget gap staff described as roughly $15 million.
Town Manager Sean Kimball said the mill rate in the proposed budget would produce a year-over-year tax-bill increase, but that the amount is an output of assumptions about non-tax revenues and the grand list. “That number is not a number I go picking,” Kimball told the council. “It’s a function of all of the non tax revenue,” he said while demonstrating the town’s mill-rate spreadsheet.
Why it matters: Staff reported multiple large revenue changes, including the town’s loss of eligibility for the state motor-vehicle tax grant (a roughly $1.046 million effect reported), an estimated drop of about $600,000 in tiered PILOT (payments in lieu of taxes) and the expiration of one-time sources such as ARPA funds. At the same time, building permit revenue and personal-property growth tied to the town’s…
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