Contact Us
New Canaan Daily Voice serves New Canaan, CT
Return to your home site


New Canaan Daily Voice serves New Canaan, CT

Nearby Towns


New Canaan Finance Board Tweaks Spending Plan

NEW CANAAN, Conn. – The Board of Finance has officially sent the proposed 2012-13 fiscal year budget on to the next step with just a minor change.

The Board of Finance officially voted Tuesday to approve a proposed $125.6 million spending plan, which must now goes to the Town Council for its consideration and eventual approval. The plan is about 3 percent more than the current fiscal year’s spending.

The only change made after the finance board’s discussions last week was the removal of $150,000 in capital funds for the New Canaan Public Schools. Town officials plan to use leftover funds from work at New Canaan High School’s Dunning Field to pave the parking lot at South Elementary School.

Last week, the finance board added $682,000 for the town employees’ pension fund and removed about $575,000 in capital spending for the Board of Education.

First Selectman Robert Mallozzi said the final budget should increase spending by no more than 2.5 percent, a goal he set when he took office last November.

The board was also approved a sewer taxing district budget of $1.31 million and a property tax collection rate of 98 percent.

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

New Canaan Daily Voice!

Get the news you need to know on the go.

Welcome to

New Canaan Daily Voice!

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.