MAYOR HOYDICK PROPOSES 2025 FISCAL YEAR BUDGET:NO INCREASE TO TAX OR MILL RATE; STRESSES IMPORTANCE OF FUNDING FOR SCHOOL DISTRICT
Mayor Laura R. Hoydick proposed the 2025 Fiscal Year operating budget for the Town of Stratford to the Town Council on Monday, March 11th. The proposed operating budget is $260,014,370, a 2.21% increase over the 2024FY adopted budget. However, through the use of other revenue sources, the administration highlighted that the budget would not increase taxes nor the 40.20 mill rate and the vehicle mill rate of 32.46 (which is capped by State Statute at this rate). The Mayor noted, “When I took office in late 2017, there was an incredible need for tax relief for our residents. This obligation to our taxpayers continues, year after year, and my administration was able to reduce taxes for the first five years, and keep the…