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Shelton mayor outlines modest FY26'27 budget, cites strong finances but flags state uncertainty
Summary
Mayor Miguel Loretti presented Shelton City's proposed fiscal 2026'27 budget, saying department increases are modest and tied to contracts, the city's debt load is low, recent capital purchases were made and the grand list has grown; he warned final figures could change depending on state actions.
Mayor Miguel Loretti presented Shelton City's proposed fiscal year 2026'27 budget to the Board of Aldermen and the Board of Apportionment and Taxation, saying the plan reflects mostly modest increases tied to contractual obligations and the city's continued economic growth.
Loretti said the city has "maintained a very strong financial position," attributing it to conservative borrowing and steady growth in the tax base driven by redevelopment. He told the…
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