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Simsbury leaders present preliminary FY2027 budget guidance, flag projected tax increase and $2M gap
Summary
At a joint meeting, Simsbury officials previewed FY2027 budget assumptions showing a projected 4.3% tax increase under current estimates, outlined tools (reserves, health‑insurance funds, targeted cuts) to lower the rate, and said a roughly $2 million gap must be closed to reach a 2% guidance target.
Chair Lisa Hevner opened a joint session of the Board of Finance, Board of Selectmen and Board of Education to present early FY2027 budget estimates and the choices the town faces.
Hevner told the assembled boards that the town will finalize key revenue numbers in February but that the first estimate points to a preliminary tax increase near 4.3% under current assumptions. She said the town relies heavily on property taxes — about 87% of operating revenue — and that education accounts for roughly 69% of the budget, making school costs a central driver of the mill rate.
Officials identified two principal cost drivers: salaries…
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