April 25, 2019

Old Lyme BOF to Hold Public Hearing on Next Year’s Town Budget Tonight

The Old Lyme Board of Finance will conduct a Public Hearing on the Proposed Town Budget for Financial Year 2019/2020 this evening at 7:30 p.m. in the Meeting Hall of Memorial Town Hall.

The proposed budget can be viewed at this link.  It includes a request from Region 18 (Lyme-Old Lyme Schools) for $27,556,679 although this amount has not yet been approved by the voters of Lyme and Old Lyme.

A referendum on the Region 18 budget of $35,084,758 will be held on Tuesday, May, 7, with a simple majority required across the votes from both towns to pass it. After the Region 18 budget has been passed, the share to be paid by Old Lyme (which relates to the respective percentage of students in Region 18 from each town) will then be added to the Town of Old Lyme’s budget and that combined budget will be voted on at an Old Lyme Special Town Meeting later in May.

 

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