Town sets tax rate at 29.64 mills

By TAYLOR HARTZ
STAFF WRITER

The Board of Finance (BOF) set a new tax rate for Southington last week, of 29.64 mills. The mill rate was approved unanimously by the BOF on May 11, after the Town Council approved the town’s 2016-2017 budget of $141.3 million.

Money 3This means that Southington taxpayers will pay $29.64 in taxes for every $1,000 of taxable property. This year’s rate is a 0.5 mill increase from last year, or 50 cents more per $1,000 of property.

The budget, which cut more than $1 million from the $142.7 million requested by the BOF, was approved by the council on May 9 to account for a “worst case scenario” in the state budget.

The cuts were made to protect taxpayers from potential cuts to Southington in Gov. Dannel Malloy’s (D-Conn.) budget for Connecticut. The council said they intend to fully restore the funding if cuts do not occur at the state level.

The current budget includes $49.6 million allotted for the town’s general government budget, and a $91.7 million annual budget for the Board of Education. The town’s government budget will increase the mill rate by .07 mills, and the BOE’s by .43 mills.

The new 29.64 mill rate is the highest rate the town has seen in 15 years, according to the Southington town website. The second highest rate was 29.43 mills in 2004.

The new budget and new mill rate will go into effect on July 1, at the start of the 2016-2017 Fiscal Year.

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