Town Budget Cuts Made by Board of Finance on March 5, 2025
The Board of Finance in Newtown recently made significant cuts to both the town and school budgets during its final budget meeting for the year. A total of $1,071,806 was cut from the proposed town budget, while $900,000 was cut from the proposed school budget. This decision brings the overall budget to $141,611,309, with spending increases of approximately 5% for both the town and school budgets.
Some of the key cuts made by the finance board include reductions to road improvements, Parks & Recreation turf tractor line item, curbside recycling, library funding, and more. However, the board did make one addition of $150,000 for fire department personal protection equipment.
Finance Board Vice-Chairman Jim Gaston described this year’s budget as the “hardest” he has seen in his 20 years of service, citing challenges such as reduced state funding, large insurance claims, and the bankruptcy of a major commercial taxpayer in town.
The board also debated the inclusion of $1,050,000 in revenues for the sale of a property, with some members feeling it was too speculative to include in the budget. Additionally, excess revenue from Parks & Recreation funds was returned to the general fund.
Overall, the budget cuts reflect the town’s need to address various financial challenges, including changes in motor vehicle valuation, increases in medical costs, and other revenue reductions. The Board of Finance aims to balance the budget while being mindful of potential tax increases and the town’s financial stability.
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