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Monroe Board of Finance to hold hearing on proposed budget

The Monroe Town Council has passed their proposed budget unanimously, making some small adjustments to the budget First Selectman Ken Kellogg presented in February.  The town is projecting likely reductions in estimated health insurance costs.  The Monroe Board of Finance will address this during their deliberations.  Kellogg notes that there is significant federal funding expected in municipal coffers through the American Rescue Plan.  But he says the federal legislation specifically prohibits use of the funding for tax cuts.  He hopes to find a way to use of these funds to make budgetary adjustments that will help residents. Specific rules have yet to be issued by the U.S. Treasury Department.  The Monroe Board of Finance will hold a Public Hearing on the budget this Thursday at 6pm. Instructions for remote participation will be posted on the agenda on the Town website.

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