Posts Tagged ‘ taxes ’

Board of Finance sets new mill rate

May 15, 2014
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The Board of Finance voted unanimously to set the mill rate for the new fiscal year that will result in a tax increase of 3.3 percent. During a meeting Wednesday night, the finance board approved a mill rate of 28.36 mills, an increase of .9 over the adopted mill rate of 27.46 mills. Last year,…

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Southington Grand List increases by 1.13 percent

February 7, 2014
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By Lisa Capobianco Staff Writer Southington’s 2013 Grand List has increased overall by 1.13 percent to $3,773,777,166, according to the town’s Department of Assessors. The Grand List, which comes out every year, measures the net assessment for property in the community in three areas, including real estate, motor vehicle and personal property. In 2012, the…

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Tax abatement approved for Lake Compounce

November 2, 2013
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By Lisa Capobianco Staff Writer The Southington Town Council recently voted to approve a five-year, 50 percent tax abatement for Lake Compounce amusement park, reducing the costs of adding new rides and attractions. During a recent council meeting, members of the Town Council all voted in favor of the tax abatement worth $4.2 million, stating…

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Residents to save $4 in taxes; Board of Finance slightly lowers mill rate

May 23, 2013
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By Rob Glidden Staff Writer The Board of Finance approved a mill rate for the next fiscal year that will result in a tiny tax reduction for residents. After its $129 million proposed budget was approved without changes by the Town Council, the BOF officially set the next mill rate at 27.46, a drop from…

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Residents want BOE funding restored; Town Council to vote on budget in May

April 25, 2013
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By Rob Glidden Staff Writer With a few exceptions, the residents who spoke during a Town Council public hearing on this year’s budget passionately urged the officials to restore the school board’s full request. The recommendation from the Board of Finance is an $84.2 million budget for the schools, which is $1.1 million less than…

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