302 Main Street Old Saybrook, Connecticut 06475-1741
SPECIAL MEETING MINUTES FOLLOWING REFERENDUM May 13, 2014 8:00 P.M. Old Saybrook High School |
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Mr. LaMay called the meeting to order at 8:12 p.m.
Mr. LaMay led the pledge.
D. Lamay; B. Thorpe; B. O’Nell; J. O’Brien; B. Lindley; T. Stevenson
- REFERENDUM RESULTS~ DISCUSSION
Votes: General Government: 367 YES
1 Hand Count
118 NO
Board of Education: 350 YES
1 Hand Count
133 NO
- SET MIL RATE/FURTHER DISCUSSION/ACTION ON FY 14-15 BUDGET
Mr. Fish passed out the Mill Rate Calculation for the year ending June 30, 2015, as follows:
Grand List: $2,180,058,455
Tax Collection Rate 0.99
Other Revenues 2,496,610
Fund Balance Appropriation 0
Total Revenue (Budget) 42,425,941
Mill Rate = 1000 x (Total Revenue-Other Revenue-Fund Balance Appropriation)/(Grand List x Tax Collection Rate) = 18.5007 = 18.5. Present Mill Rate = 15.20.
A motion to set the Mill Rate at 18.5 was made by Mr. Thorpe, seconded by Mr. O’Brien and was so VOTED unanimously.
- ADJOURNMENT Meeting adjourned at 8:14 p.m.
Submitted: Gerri Lewis, Clerk
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