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Pension Reform Fueling Mayor’s Proposed Budget Increase

March 19, 2014 Budget, Local Government No Comments

governmentcenterMayor Scott Jackson presented his proposed $207.7 million budget to the Legislative Council Tuesday night that includes a 1.25 mill increase he said is necessary to keep the town running for the next year.

The majority of the increase would go to the pension account, he said, which is mandated by the terms of the bonding the council approved last year that increased the fund by $125 million.

The proposed budget is $7.6 million more than the current year’s budget, $5.5 million of which would come from taxpayers.

The increase is allocated to the following accounts:

  • $5,450,000 for the pension/retirement account;
  • $680,000 for the medical insurance account;
  • $550,000 for the Board of Education;
  • $900,000 for the Police and Fire departments.

The Board of Education had requested $2.3 million more than the current $81.4 million budget.

Additions to the budget include a traffic calming specialist and information officer to revamp and lead the website to help get information to the public and a part-time Quinnipiac University relations/student housing enforcement officer in the Planning and Zoning Commission, both of which would be funded by $750,000 the university will contribute to the town, Jackson said.

“If the town wasn’t addressing the pension crisis with the comprehensive pension reform plan implemented last year, the Mayor’s proposed budget, inclusive of important small increases to police and fire, could have been accomplished without raising taxes at all,” Chief Administrative Officer Curt Balzano Leng said.

 

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