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Avon Board of Finance sets April 6 public hearing for FY26/27 budget; medical insurance cited as primary driver
Summary
The Avon Board of Finance scheduled a public hearing on the FY26/27 budget for April 6 and heard that medical insurance costs are the primary budget driver. The board also reviewed debt service, noted a $187,470 bond premium from May 2025 debt issuance and confirmed the budget calendar leading to a May 13 referendum.
The Avon Board of Finance said on March 23 that it will hold a public hearing on the FY26/27 budget at 7 p.m. on April 6 at the Avon Senior Center, with a workshop on April 8, an annual budget meeting on May 4 and a referendum currently set for May 13. Tom DiStasio told members the draft slides in the packet show how the requested FY27 budget translates into a mill rate and that "medical insurance is our primary driver of the budget."
Board members asked questions about debt service and budget assumptions. Cathy Salchert asked why the presentation shows a $187,470 bond premium; DiStasio said that premium resulted from debt issued in May 2025 for the Public Safety Communications project and the purchase of 200 Fisher Drive and that the premium is commonly applied to offset debt service costs. The board asked staff to present any follow-up information, and DiStasio said CliftonLarsonAllen will present the FY24-25 comprehensive financial audit at the April meeting.
