Sherman budget offers zero percent tax increase
SHERMAN — Sherman voters will have a chance to give input on the proposed $14.5 million budget for 2016-17 at a public hearing at 10:30 a.m. Saturday in the conference room at Mallory Town Hall.
The $14.5 million figure represents a $124,000 or 0.86 percent increase over the present year. The tax rate would remain flat at 20.04 mills, which equates to a tax of $2,004 on every $100,000 of assessed property value.
“We came in under a one percent increase and will have a zero percent increase in the mill rate if this budget is approved by the voters,” said First Selectman Clay Cope. “We didn’t sacrifice services to achieve that.”
The municipal expenditures of $5.14 million, a $40,390 increase over the present year, includes 2 percent salary increases. The Board of Education budget is $9.38 million, an $83,612 or 8.9 percent increase.
The Capital plan includes funding out to 2020 with the Sherman Volunteer Fire Department radio communication system repeater phase funded, replacement of docks on Candlewood Lake, and tennis court repairs included.