It seems impossible that a year has passed since the 2017-18 budget was approved, especially since the State of Connecticut continues to slash the aid expected in our current budget. Yet here we are, presenting the 2018-19 budget. Budgets always face a unique set of challenges and this year includes the following:
• $276,618 (+15%) increase estimated in employee health insurance
• $105,174 increase over the Town’s regular contribution to employee pension plan per the Board of Finance’s decision to decrease annual return assumptions from 7.25% to 6.75%
• $273,903 (+1.7%) increase in Fire and Police “catch-up” pay due to settled union contracts from multiple prior years
These items alone account for an increase of $655,695 or 4.16% over last year. Also affecting costs is the 4-2 schedule that Police and Dispatch follow per their union contracts. This provides for 4 work days, 2 off and salary commensurate with a 7-day period.