RTC: Board of Finance lowers mill rate for first time in years
With the midpoint of 2016 fast-approaching, the Trumbull Republican Town Committee issued a press release this week to review the accomplishments that have been achieved over the last five and a half months.
Most notably, the RTC highlighted the town’s new mill rate — down from 32.87% to 32.74%.
“The vast majority of Trumbullites can rest assured that their vote for Republican leadership is leading trumbull along the right path,” the RTC said in a release.
“First Selectman Tim Herbst, along with the Town Council and the Board of Finance have lowered the mill rate for the first time in years,” the release added.
Despite lowering the mill rate, Trumbull has also successfully been able to fully fund both the town and police department’s pension plans — over $7 million, according to the release.
“We would like to remind residents that this expenditure is the result of more than 30-years of not funding these obligation,” the release said. “Doing so will keep our credit rating strong and allow us to borrow money when needed at lower interest rates.”
In addition, the town was able to fund the police department’s request for lieutenant promotions.
The co-chairmen acknowledged that updates on the Board of Education budget are being finalized and will be released in the coming weeks.
"I am very pleased that after averaging under 2% tax increases for the past six years we were able to reduce the mill rate while maintaining, and in some cases increasing, services,” said Board of Finance chair Elaine Hammers.
According to the release, Trumbull’s grand list is growing and new businesses and developments in town are thriving — providing Trumbullites with many new and exciting options to enjoy.
“At a time, when Gov. Dannel Malloy’s approval rating has dropped to a bipartisan and all-time low of 29%, mainly due to the state’s economic woes — according to a new Quinnapiac poll – Trumbull is thriving,” the release said. “We have been able to accomplish all this, while maintaining all town functions.
“The job of running a tight fiscal ship with your tax dollars is ongoing,” the RTC leaders added. “You can look for greater efficiencies and improvements to come in the future, particularly in the parks and rec department.”