ESSEX— A proposed $7.18 million town government budget and a proposed $7.74 million appropriation for Essex Elementary School will be presented at the annual budget hearing Thursday. The hearing, to be conducted by the board of finance, begins at7:30 p.m. in town hall.
The proposed $7,189,062 town government budget for 2014-2015 represents an increase of $221,601, or 3.18 percent, over the current budget. The spending plan includes a three percent wage-salary increase for most town employees. The recommended budget for the elementary school totals $7,742,313, representing an increase of $107,396, or 1.41 percent, over the current appropriation for the school.
The largest segment of the total town spending package, the $8,112,489 Essex share of the Region 4 education budget, is not subject to review by the finance board. With little change in the number of students from Essex attending Valley Regional High School and John Winthrop Middle School, the town’s share of the proposed 2014-2015 Region 4 budget is up by only $30,717 after a much larger increase for the current year. The Region 4 budget goes to the voters of Chester, Deep River, and Essex in a12 noon to 8 p.m. referendum on May 6.
The finance board will consider any input received at the public hearing before deciding whether to make any changes to either the town government or elementary school spending plans. The annual budget meeting to voter on the town/elementary school budgets is set for Monday May 12.
The tax rate for 20-14-2015 will be set by the board of finance after the budgets are approved by voters. The current tax rate is 18.99 mills, or $18.99 in tax for each $1,000 of assessed property value
A townwide property revaluation completed last year resulted in a 7.72 percent drop in the grand list of taxable property, with the assessed value of many residential properties falling by around 8 percent. The drop in the grand list will require an increase in the tax rate for 2014-2015, though many homeowners would be paying the higher rate on a lower property assessment.