First selectman: Historic budget would lower taxes in Old Saybrook
Josh LaBella
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First Selectman Carl Fortuna said the proposed budget would lower the town’s mill rate and tax burden for the first time in 50 years.File photo
OLD SAYBROOK First Selectman Carl Fortuna said the proposed budget would lower the town’s mill rate and tax burden for the first time in 50 years.
The Board of Selectman voted unanimously this week to approve the $47.1 million budget, which is an increase of 0.36 percent $167,000 from the previous year.
Fortuna said an increase in assessed value in the 2020 grand list meant the mill rate would mostly offset the small rise in the budget.