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Monroe grand list edges upward during pandemic
Brian Gioiele
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Monroe Town Hall Offices at 7 Fan Hill Road in Monroe, Conn. on Monday May 13, 2013.Cathy Zuraw / Cathy Zuraw
MONROE The town’s grand list increased slightly over the previous year offering some positive economic news as officials prepare the 2021-22 fiscal year budget.
The net grand list sits at $2,242,728,056 in total assessments, which is 70 percent of market value. The total is an increase of about $17.7 million from 2019, according to a preliminary grand list report completed by Assessor Justin Feldman and submitted to the first selectmen’s office earlier this month.
MONROEÂ â An initial proposal for a $93,281.657 budget for 2021-22 has already been further reduced by First Selectman Ken Kellogg.
Mr. Kellogg made his initial budget presentation to the Town Council on Monday, February 8, but later announced the additional reductions, bringing the projected increase down potentially to where taxes might rise less than 3%.
The original total breaks down into $29,742,774 for municipal government, $61,791,068 for the education department and an additional $1,747,815 for capital appropriations and contingency.
Later in the week, Mr. Kellogg wrote, âMy budget was delivered to Town Council on February 8, 2021, as required by Town Charter. Since Monday, we have received two pieces of encouraging news. First, the governorâs proposed state budget suspends a previously scheduled reduction in state aid from the Education Cost Sharing grant.