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Board hears town finance overview; approves $22,990 per-pupil tuition rate
Summary
John Ireland of the Board of Finance gave a town budget overview including a $40.6 million BOE operating budget, mill rate context and borrowing for the new middle school. The board approved a per-pupil tuition rate of $22,990 (motion passed by voice).
John Ireland, liaison from the town Board of Finance, presented a focused overview of the town’s budget process and major revenue drivers, saying the Board of Education represents about 61% of town tax-funded spending. He described three budget “buckets” — the Board of Education operating budget, general government services and bonded debt — and said the district’s operating budget for the current year is $40,600,000.
Ireland explained revenue sources and the role of the grand list and mill rate in determining property taxes. He reported Cromwell’s current mill rate at 27.33 (up from…
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