The New Fairfield Board of Finance has approved a budget for the coming fiscal year. The spending plan will result in a less than a 1-percent tax increase. The $12.2 million municipal budget and $43.7 million for the schools will result in a 30.58 mill rate. The two sides of the budget almost balance out as the town portion is a 1.9 percent decrease from the current year, but the schools are getting a 1.8 percent increase.