To help pay for the spending, the town will set a new mill rate of 13.17 mills, an increase of nearly 3.9 percent from the current mill rate of 12.68 mills. But the increase would be less than the 13.51 mills that town officials considered earlier in the budget season.
At $125.69 million, the spending plan is about $5.4 million higher than the current fiscal year spending plan, which closes on June 30.
The spending plan includes the annual allocation to the Board of Education, which for 2013-14 is slated to be $83.22 million.
For the average Darien homeowner, whose house is assessed at $1 million (which is 70 percent of the $1.4 million the home is valued at), a 13.17 mill rate represents about a $490 increase in taxes next year to $13,170, according to Finance Director Kathleen Clarke Buch. The new mill rate equates to $13.17 per $1,000 of assessed (the 70 percent figure) value.
The RTM sets the final budget and tax rate. But the Board of Finance is recommended the spending plan, which the RTM has rarely changed, according to officials.
Monday’s RTM meeting is scheduled for 8 p.m. in Darien Town Hall, 2 Renshaw Road.
Click here to follow Daily Voice and receive free news updates.
