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Budget

Voters Approve 7.39% Budget Increase for Lyme-Old Lyme Schools by Comfortable Margin

May 6, 2025 by Elizabeth Regan

Low Turnout in Rainy Weather LYME/OLD LYME--The Region 18 school district’s $39.7 million 2025-26 budget has gone from proposed to official now that voters in Lyme and Old Lyme have approved the spending plan, which is up 7.39% over the current budget.  Unofficial numbers show the budget passed by 457 votes to 297, which reflects 60.6% of voters supporting the budget … [Read more...] about Voters Approve 7.39% Budget Increase for Lyme-Old Lyme Schools by Comfortable Margin

Old Lyme Town Budget Hearing Uncontentious Despite Proposed 7.8% Increase Over Current Spending

April 29, 2025 by Elizabeth Regan Leave a Comment

OLD LYME – Board of Finance Chairman Bennett J. Bernblum on Monday presented the proposed $45.39 million budget along with its potential implications on taxes in this and coming years.  The proposed $45.39 million 2025-26 budget – which includes town operations and capital expenses as well as the town’s share of the regional Lyme-Old Lyme school district – represents an … [Read more...] about Old Lyme Town Budget Hearing Uncontentious Despite Proposed 7.8% Increase Over Current Spending

Lyme Board of Finance Proposes $11.37 Million Budget With No Tax Increase

April 26, 2025 by Elizabeth Regan

Despite Increase in D18 Spending, Budget Down Over $1M Primarily due to Reduction in Capital Costs LYME – The Board of Finance is predicting a flat tax rate after they unanimously approved a proposed $11.37 million 2025-26 spending plan that will go to a public hearing next month.  The budget proposal is down $1.02 million, or 8.2%, from the current … [Read more...] about Lyme Board of Finance Proposes $11.37 Million Budget With No Tax Increase

After Much Disagreement, Old Lyme Board of Finance Decides to Take $800K From ‘Rainy Day Fund’ to Offset Tax Increase

April 17, 2025 by Elizabeth Regan

OLD LYME – With many residents concerned by the recent revaluation that hiked the value of taxable property in town by more than 60%, the Old Lyme Board of Finance on Wednesday evening agreed to use $800,000 from the town’s 'Rainy Day Fund' to help mitigate the impact to taxpayers of a proposed $45.39 million 2025-26 spending plan.  The proposed budget – which includes … [Read more...] about After Much Disagreement, Old Lyme Board of Finance Decides to Take $800K From ‘Rainy Day Fund’ to Offset Tax Increase

Lyme-Old Lyme Schools BOE Reinstates Sixth Music Teacher to Proposed Budget with No Increase to Bottom Line

April 12, 2025 by Elizabeth Regan

OLD LYME – The Lyme-Old Lyme Schools Board of Education on Thursday voted unanimously to reinstate an elementary school music position to the district’s $39.7 million 2025-26 proposed budget while calling for harmony between the music department and district administration.  The district school board called for the special meeting amid vocal opposition from some … [Read more...] about Lyme-Old Lyme Schools BOE Reinstates Sixth Music Teacher to Proposed Budget with No Increase to Bottom Line

Lyme-Old Lyme School Board to Hear from Music Department Amid Outcry About Threatened Cut to Elementary School Position

April 9, 2025 by Elizabeth Regan

OLD LYME—After backlash to a proposed budget cut that would eliminate an elementary school music position from the proposed 2025-26 Region 18 schools' budget, the district Board of Education has invited members of the music department for a conversation about how to maintain a vibrant and appropriately-staffed music department amid declining enrollment. The proposed cut … [Read more...] about Lyme-Old Lyme School Board to Hear from Music Department Amid Outcry About Threatened Cut to Elementary School Position

Region 18 Schools’ Spending Plan Goes to Voters with $2.7 Million Increase Over Current Budget

April 9, 2025 by Elizabeth Regan

OLD LYME – Voters in Lyme and Old Lyme will be asked to weigh the implications of a relatively steep increase in education spending now that the Region 18 Board of Education’s proposed $39.7 million budget is on its way to voters.  The district school board on Monday voted unanimously to set a May 5 district budget meeting prior to the May 6 referendum. The vote … [Read more...] about Region 18 Schools’ Spending Plan Goes to Voters with $2.7 Million Increase Over Current Budget

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