The Norwalk Board of Estimate and Taxation during its budget review sessions this month. Keep the budget the same as last year, phase in tax increases, find .
Norwalk Chief Financial Officer Henry Dachowitz presents his recommended 2021-22 operating budget Monday to the Board of Estimate and Taxation.
NORWALK, Conn. Norwalk’s finance director has recommended a $400 million operating budget for the coming fiscal year, an increase of $15 million from 2020-21. That factors in a proposed $8 million drawdown of the City’s fund balance, or “rainy day fund,” and estimates a 3.67% mill rate increase for the Fourth Taxing District.
Chief Financial Officer Henry Dachowitz’ recommendation would increase the Board of Education’s budget by $4.2 million. This falls short of the Board’s requested increase of $11.7 million.
The BoE requested increase is described by Norwalk Superintendent of Schools Alexandra Estrella as “pretty flat,” given that most of the increase is due to items outside the Board’s control.