The primary role of Wilton’s Board of Finance is to recommend an annual budget to the town's residents. As part of that decision, the Board of Finance must approve and recommend budgets for the Board of Selectmen and the Board of Education. These budgets are the primary drivers of the mill rate calculation. Wilton’s residents will then vote on the town's budget at the Annual Town Meeting, which this year will be held on
Tuesday May 5 at 7:00pm, with continued voting on
Saturday May 9 from 8:00 AM to 6:00 PM, at the Clune Center at Wilton High School.
To make its recommendation, the Board of Finance is seeking input from the town’s residents about the Board of Selectmen’s budget, the Board of Education’s budget, and the mill rate. Please note that while the Board of Finance has line-item authority on the Board of Selectmen’s budget, it does not have that same authority on the Board of Education’s budget.
Based on the budgets proposed by the
Board of Selectmen ($38.8m, 1.7m/4.6% annual increase) and the
Board of Education ($100.5m, $3.5m /3.6% annual increase), the goal is to limit the
mill rate increase to below 3.0%. For an explanation of the mill rate and how it’s calculated, please see the Board of Finance’s
explainer. If you’d like to review the budgets, please click
here for the Board of Selectmen's budget and
here for the Board of Education’s budget.
