Why did the Board of Education construct the 2017-18 proposed budget differently than in previous years?
The Connecticut state legislature imposed a new rule on towns this year to encourage the towns to minimize property tax increases. If towns propose a spending increase that’s more than 2.5%, the state will reduce the amount of money, the “Municipal Revenue Sharing Grant,” it sends back by 50 cents for every $1 that’s over the 2.5% limit. In 2017-18 Ridgefield will receive $512,848 under this program. The law permitted municipalities to exclude expenditures for debt service, special education, or implementing court orders or arbitration awards (the “carve-out”) from the total budget.