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BOF 5/13/2014 Special Mtg
302 Main Street  Old Saybrook, Connecticut 06475-1741
        

    SPECIAL MEETING MINUTES FOLLOWING REFERENDUM
                                             May 13, 2014  8:00 P.M.
                                          Old Saybrook High School
  • CALL TO ORDER
Mr. LaMay called the meeting to order at 8:12 p.m.

  • PLEDGE OF ALLEGIANCE
Mr. LaMay led the pledge.

  • ROLL CALL
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