The Annual Town Budget for FY2018-2019 PASSED with a vote of 164 to 6
Thank you to all who turned out to vote!
Legal Notice
Town of Canton, Connecticut Annual Budget Meeting
Monday, May 14, 2018 at 7:00 pm
Canton Middle/High School – Auditorium
The annual town budget meeting of all electors and those qualified to vote in Town Meetings in the Town of Canton will be held on Monday, May 14, 2018 at 7:00 p.m. in the auditorium of Canton Middle/High School, 76 Simonds Avenue, for the purpose of discussing and voting upon the Board of Finance’s recommended budget for the fiscal year July 1, 2018 through June 30, 2019. The Charter requires 150 voters be present for a quorum and if not it will automatically go to a referendum. If petitioned to referendum with 150 signatures a referendum must be held. A referendum will cost the taxpayers approximately $3,500.
“SHALL THE BOARD OF FINANCE’S RECOMMENDED BUDGET FOR FISCAL YEAR 2018-2019 IN THE AMOUNT OF $38,907,285 BE APPROVED?”
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BUDGET SUMMARY
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Audited
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Revised
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Proposed
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Actual
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Budget
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Budget
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REVENUES
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FY 2016/17
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FY 2017/18
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FY 2018/19
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Property Taxes
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$33,112,181
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$34,009,287
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$34,426,106
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Licenses, Permits & Fees
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281,676
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346,400
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293,600
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Intergovernmental Revenue
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3,996,294
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2,520,026
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3,245,460
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Local Department Revenue
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447,806
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424,774
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445,119
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Investment Income
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156,803
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142,500
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186,000
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Use of Undesignated Fund Balance
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-
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443,455
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200,000
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Other Financing Sources
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-
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325,000
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111,000
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Total - General Fund Revenues
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$37,994,759
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$38,211,442
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$38,907,285
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EXPENDITURES
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|
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Board of Selectmen
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$10,322,371
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$10,878,208
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$10,758,759
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Board of Education
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25,461,042
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25,304,546
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25,934,233
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Board of Finance
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2,024,851
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2,028,689
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2,214,293
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Total - General Fund Expenditures
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$37,808,265
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$38,211,442
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$38,907,285
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Brian First
Chairman, Board of Finance
Click here to view the complete package to be presented at the meeting
CLICK HERE FOR THE COMPLETE BUDGET MAILER