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Minutes of Board of Finance, 05/02/2017

AGENDA: Board of Finance (set Tax Rate)

RECEIVED 05/09/2017 11:10am
Michele R. Grande – Redding Town Clerk

Board of Finance
Tuesday, May 2, 2017
8:15 p.m., Redding Community Center

Present: William Alvarez, Chairman; S. Clark, J. Dolan; W. Mazzucco; K. Yonkers; M. Lewis.
Also present: Julia Pemberton, First Selectman; P. O’Donnell, Selectman; Finance Director Gniadek, members of the public.

The Chairman called the meeting to order at 8.15 p.m.

Discussion of Draft 2017-2018 Mill Rate Worksheet Schedule.

Chairman Alvarez reported that the two budget proposals passed the referendum by an overwhelming margin. Since the budget was successfully passed, Chairman Alvarez began a discussion of the Mill Rate calculation. Chairman Alvarez walked the BOF members through the schedule and computation of the proposed Mill Rate. Finance Director Gniadek made comments and answered questions regarding the computation.

On the motion of W. Mazzucco and the second of S. Clark, the Board voted to approve a Mill Rate of 29.62 for the Fiscal Year 2017-18. Approved. Unanimous.

On the motion of W. Mazzucco and the second of K. Yonkers, the Board voted unanimously to adjourn the meeting at 8:30 p.m.

Submitted by: William E. Alvarez, Jr.