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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 separately approved the wheel tax fund budget as presented; that vote passed 9-1. Council members also adopted a resolution authorizing $50,000 in short-term borrowing. Motionmakers and seconders were recorded for each item and the votes were announced by the presiding officer.
Why it matters: the levies set the property tax amounts the city will present to taxpayers in 2025 and the short-term borrowing gives the city temporary access to funds for operating or cash-flow needs ahead of longer-term financing.
Supporting details: the council opened a public hearing on the 2025 budget earlier in the meeting but heard no public comments on the budget before moving to votes. Council members used a committee recommendation process earlier in the evening: the Budget Committee of the Whole moved and recommended approval of the debt service levy and the aggregate tax levy amounts before the council vote. The council also approved procedural motions to waive the rules and adopt the budget ordinance on one reading.
Discussion versus action: council discussion was brief and procedural during the formal votes; the public hearing produced no comments about the budget. The formal actions recorded were the waiving of rules, the adoption of the 2025 budget ordinance, approval of the wheel tax fund budget (9-1), and authorization of $50,000 in short-term borrowing (carried). No amendments to the levy amounts were recorded in the meeting transcript.
Ending: The council concluded the budget votes and moved on to other agenda items, including committee reports and staff updates.
