May. 27, 2006 - Westport's BOF sets new mill rate

And the number is.......          $ $ $

Following the conclusion of the tax assessment appeals process and the subsequent determination of Westport's Grand List, The Board of Finance met on Wednesday (5/24), to determine the new mill rate.  There was some debate over how much of the town's general fund balance would be applied to the budget, to offset taxes.  Two of the Republican board members wanted to limit the transfer to $2 million, which would have set the new mill rate at 13.07.  Ultimately, with a 5-2 vote, the board agreed to transfer $3 million, from the town's general fund balance, thus setting the new mill rate at 12.97.

Taking into account the recent property revaluation, the new mill rate reflects a 3.85% increase over the current mill rate.