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