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Meriden averts property tax increase with new $202.86 million budget Meriden averts property tax increase with new $202.86 million budget Meriden City Hall. | File photo May 18, 2021 03:24PM By Nick Sambides Jr., Record-Journal staff MERIDEN — The City Council voted 9-2 on Monday night to approve a $202.86 million budget that will use about $1.2 million in anticipated federal American Rescue Plan Act funds to save taxpayers from a property tax increase. The council’s actions effectively will keep the city’s property tax rate at 40.86 mills instead of a projected 41.25 mills that would have come without the federal funds. At 40.86 mills, a property valued at $200,000 will have a property tax of $5,720 annually, or $230 less than with the higher mill rate. One mill equals $1,000 in assessed value, but state law requires that properties be taxed at 70 percent of the appraised value.

United statesMichael carabettaKevin mcnabolaDan brunetTimothy coonMichael cardonaMichaels rohdeLarue grahamCity councilThomas edison middle schoolAmerican rescue plan actCity manager timothy coonFinance directorRepublican councilor michael carabettaRepublican councilor dan brunetCouncilors michael cardona