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Common Council adopts 2025 budget, sets total levy at $4,013,527
Summary
The New London Common Council approved the 2025 budget ordinance, establishing a $2,990,752 general fund levy and a $1,022,775 debt service levy for a combined $4,013,527; council also approved related budget measures including a wheel tax fund budget and a $50,000 short-term borrowing authorization.
The New London Common Council approved the city's 2025 budget ordinance and set the combined 2025 tax levies at $4,013,527, the council said during its meeting. The approved levies include a $2,990,752 general fund tax levy and a $1,022,775 debt service levy.
The approvals came after the council voted to waive the usual ordinance-adoption rules and adopt the budget on a single reading. Council members then cast ballots to approve the 2025 budget ordinance; the presiding officer announced the motion carried.
The council…
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