Government
Town Council Unanimously Approves $151 Million Town Budget
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After months of intense negotiations, the 2018-2019 New Canaan town budget is finally a done deal. The New Canaan Town Council on Thursday unanimously approved a total town operating budget of $150,939,170, an increase of 1.89 percent, or $2,794,676 compared with the current budget of $148,144,503. This includes a town budget of $39,698,537, representing an increase of 1.33 percent or $522,184, and Board of Education budget of $89,763,487, representing an increase of 2.45 percent or $2,145,082, plus capital expenditures and debt service. The total amount to be collected via taxation is $139,395,729, which represents an increase of 2.08 percent compared with the current collection figure of $136,611,378. This means taxpayers are in effect facing a 2.08% percent budget hike in the coming fiscal year.