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Oxford Selectmen Propose Budget With Nearly 5 Percent Increase

Municipal plan would push town spending up $651,993; combined town and school budgets, as proposed, could increase tax rate 1 mill. If approved, a taxpayer with an average home assessed at $250,000 would see a $250 tax increase.

MUNICIPAL BUDGET

2011-12 Adopted Budget: $13,380,716

2012-13 Selectmen-Proposed Budget: $14,032,709

Proposed Increase: $651,993, or 4.87 percent

Next: The Board of Finance will meet next week to discuss the budget and submit a final spending proposal to be reviewed and debated by townspeople a public hearing. The budgets – education, municipal and capital improvement plans – will then be sent to voters at a referendum.

OXFORD – The Board of Selectmen has proposed a budget for the 2012-13 fiscal year that shows a close to 5 percent increase.

During a sparsely attended and rather low-key meeting at Wednesday night, the board voted unanimously, 3-0, to send a $14.03 million proposal to the Board of Finance for a review. That board will review the numbers, possibly make changes and then forward it to the townspeople for a hearing and a subsequent referendum.

The selectmen-proposed budget shows an increase of $651,933, or 4.87 percent, over the current $13.38 million budget.

The proposed municipal spending plan, combined with the $26.97 million school budget proposed by the Board of Education (see details below), would increase overall town and school spending by $1.51 million to about $40 million.

Finance Director Jim Hliva said the proposed municipal budget, combined with the proposed school budget, would, in turn, increase the tax rate about 1 mill.

The current tax rate, a number which is expressed in mills, is 23.21 mills. So the spending plan as proposed would bring the tax rate to 24.21 mills. A mill is equal to $1 of tax for each $1,000 of assessment, according to the Connecticut Office of Policy and Management. Therefore, a property with an assessed value of $50,000 located in a municipality with a tax rate of 20 mills, would have a property tax bill of $1,000 a year, according to OPM. (To calculate property tax, multiply the assessment of the property – which is 70 percent of the appraised value – by the tax rate and divide by 1,000.)

Currently in Oxford, based on the tax rate of 23.21 mills, a house assessed at $250,000 pays $5,802 in taxes for the year.

If both the current proposed municipal and school budgets are approved - sending the tax rate to 24.21 mills - that property owner would pay $6,052, or $250 more, in property taxes for the year.

Editor’s Note: We will bring you more from Wednesday night’s meeting, including the proposed capital plan for big-ticket items.

W.A.R. March 08, 2012 at 06:18 PM
The proposed 4.87% budget increase doe s NOT represent the actual facts!!! It has already been reported that the Grand List has seen an increase, which represents an automatic infusion of monies to be spent on the budget. Add this to the proposed 4.87% increase and you have well over a 5% increase in the total town spending next year. How many of you wage earners out there had a 5% increase in your net wages last year? I'll be seeing you at the referendum on this budget, and seeing you, and seeing you , and seeing you - - - - - -
Paul Singley March 08, 2012 at 10:40 PM
FYI: The info. below is from a previous article, which can be seen in its entirety here: http://oxford-ct.patch.com/articles/oxford-grand-list-up-slightly-see-top-taxpayers Oxford’s Grand List of taxable property has increased slightly over last year, giving the town a slightly larger tax base. The list, compiled by Assessor Eva Lintzner and her staff, increased by about $6.15 million, or 0.4 percent, to $1.4 billion because of a small increase in assessed real estate values. The list, filed at Town Hall Thursday, shows the current value of all taxable real estate, personal property and motor vehicles in town. Based on the current tax rate of 23.21 mills, the town could see about $143,000 in additional tax revenue based on the Grand List increase. Town officials have just begun the budgeting process
Abe March 09, 2012 at 03:14 AM
True, a good raise from a company these days is just over 3%, if there isn't an outright freeze on pay increases, or layoffs and a freeze. Then, add on the interest from any or all of the proposed bonding to the 5% increase.
W.A.R. March 09, 2012 at 02:59 PM
My point is: The BOS or the BOF NEVER tell the entire truth by saying " the budget is going up by ONLY by X.XX%" without ever including additional revenues from Grand List.
David Yish March 09, 2012 at 03:16 PM
Hi Willard, i have to respectfully disagree. If you notice above, the figures show the 2010-2011 Adopted Budget compared to the 2011-2012 Proposed Budget. The 651,993 (the difference) is exactly the 4.87% claimed there for the real increase in the budget compared to the current year in real dollars. Now when you look at the Mil Rate, your point is well taken because it factors in anticipated revenues including any changes in the Grand List. I agree the increase seems high but I haven't had a chance to pour over the detail yet to see what is driving it. I do know that our current budget (after it was first defeated) is really thin.

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