July 12, 2020

Lyme Board of Finance Approves $10.7M Budget, No Change to Current Year’s Mill Rate

LYME — The Town of Lyme’s proposed 2020-21 budget of $10,688,087 was passed unanimously Tuesday evening at a meeting of the Lyme Board of Finance, which was held virtually due to the COVID-19 pandemic restrictions.

Typically a town meeting would have been required to vote on the budget, but this year, in light of the COVID-19 situation, Connecticut Governor Ned Lamont in Executive Order 7I waived the requirement for voting on town or school budgets by “any in-person budget adoption requirements,” thus leaving boards of finance free to pass town and/or school budgets by a member vote at one of their meetings.

After the budget was approved, the board of finance went on to set a mill rate for the 2020-21 fiscal year of 19.95, which reflects no change from the current year’s rate.

Asked by email after the meeting how he felt about the successful passing of the budget, Lyme Board of Finance Chairman Dan Hagan said, “The Board of Selectmen and the Board of Finance did a great job developing a 20-21 budget that reflects the values of Lyme – strong support for education, open space, and fiscal responsibility.”


Speak Your Mind