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BOF Minutes 05/12/2015 Special Minutes
     302 Main Street  Old Saybrook, Connecticut 06475-1741
        

    SPECIAL MEETING MINUTES FOLLOWING REFERENDUM
                                May 12, 2015  8:00 P.M.
                            Old Saybrook High School
  • CALL TO ORDER
Mr. LaMay called the meeting to order at 8:10 p.m.

  • PLEDGE OF ALLEGIANCE
Mr. LaMay led the pledge.

  • ROLL CALL
D. LaMay; B. Thorpe; J. O’Brien; B. Lindley;

  • REFERENDUM RESULTS~ DISCUSSION
Votes:  General Government: 273 YES (including absentee ballots)
                                              97  NO

                Board of Education:   266 YES
                                              105  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, 2016, as follows:
Grand List:                     $2,209,450,934
Tax Collection Rate                           0.99
Other Revenues                   2,537,594
Fund Balance Appropriation                        0
Total Revenue (Budget)                 43,671,686

Mill Rate = 1000 x (Total Revenue-Other Revenue-Fund Balance Appropriation)/(Grand List x Tax Collection Rate)  = 18.8054 = 18.81.     Present Mill Rate = 18.50.

A motion to set the Mill Rate at 18.81was made by Mr. Thorpe, seconded by Mr. O’Brien and was so VOTED unanimously.

  • ADJOURNMENT  Meeting adjourned at 8:16 p.m.
Submitted:  Gerri Lewis, Clerk