Town residents have received their postcard reminder about the 2025-2026 district budget meeting and referendum vote from Regional 18 school district both scheduled for May 5 and May 6 respectively. By means of background information on the school budgeting process, it is important to understand some of the Connecticut school laws defined by the general … [Read more...] about Op-Ed: Dip Into Region 18 ‘Rainy Day Fund’ to Dampen Debt Impact
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After Much Disagreement, Old Lyme Board of Finance Decides to Take $800K From ‘Rainy Day Fund’ to Offset Tax Increase
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