Sherman to decide on 2.3 percent budget increase

Sherman's proposed $14.4 million school and town budget for 2015-16 will go to the voters May 2 from 8 a.m. to 8 p.m. at the town's emergency services facility.

The budget proposal represents a municipal budget of $5.1 million and education budget of $9.3 million, or an increase of 2.3 percent or $328,000 from the 2014-15 fiscal year.

Taxes would be $2,004 on every $100,000 of assessed value, a $20 increase over the present year.

Nearly one-fourth of the municipal budget, or $1.3 million, would be to pay down existing debt on the Sherman School, infrastructure repairs, land acquisition, Happy Acres Farm and the Sherman Library expansion.

"Overall, the Board of Selectmen has tried to be fiscally prudent given these tough economic times," said First Selectman Clay Cope.

The Board of Selectmen recommends placing $398,300 in the capital, non-recurring expenditure fund. The town's general fund balance is expected to be about 10.5 percent of revenues.

A town meeting to approve the May 2 referendum is set Friday, April 24 at 7 p.m. in Charter Hall at the emergency services facility.

Susan Tuz