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Mayor: Affordability attracts people to Shelton as grand list rises in 2020
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Exterior of Shelton City Hall, in Shelton, Conn. Jan. 11, 2021.Ned Gerard / Hearst Connecticut Media
SHELTON The city’s 2020 grand list increased 1.49 percent over the previous year giving local government leaders some positive economic news during the pandemic.
The net grand list sits at $4,897,082,456 in total assessments, which is 70 percent of market value, an increase of $72,055,852 from 2019, according to a preliminary grand list report completed by Assessor William H. Gaffney III and submitted to the mayor’s office on Sunday.
This year’s grand list increase comes one year after the percentage jumped 1.87 percent from 2018 to 2019.
Basalt got a financial windfall during the pandemic year because of an unexpected consumer spending frenzy.
A preliminary year-end sales tax report shows sales tax revenue increased 14.3% over 2019, according to town of Basalt finance director Christy Chicoine. The December sales tax report, which reflects actual sales in November, was up 8%, she told Basalt Town Council at its meeting Tuesday night.
Exact year-end figures weren’t available yet because Chicoine is awaiting more information before finalizing the report. Basalt will reap more than $7 million in sales tax revenue for 2020.
The town ended up collecting about $200,000 more than anticipated for its general fund, Chicoine said. A separate sales tax dedicated for use for parks, open space and trails reaped about $90,000 more than forecast.