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New Fairfield Board of Finance approves budget to send to voters

The New Fairfield Board of Finance has approved a proposed budget to send to voters.  After weeks of tied votes, the Board at their meeting this week found a compromise.  A $13.3 million municipal operating budget passed as presented on a 5-1 vote of the Board.  The proposed $49 million school budget passed by a 4-2 vote.  The school budget includes nearly $6 million in debt service from current school building project bonding, creating an 8.11 percent increase.  The municipal budget reflects a 3.15 percent increase.  The proposed mill rate increase is 3.11 percent, using $1.35 million from bond premium and increasing interest income revenue by $150,000.  The Board of Selectmen will set a date for the annual town meeting, and there residents will vote to set a referendum date. 

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