302 Main Street Old Saybrook, Connecticut 06475-1741
SPECIAL MEETING MINUTES FOLLOWING REFERENDUM May 12, 2015 8:00 P.M. Old
Saybrook High School |
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Mr. LaMay called the meeting to order at 8:10 p.m.
Mr. LaMay led the pledge.
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
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