Town of Wolcott Public Notice Adopted Budget

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PUBLIC NOTICE – Town of Wolcott

In accordance with the Wolcott Town Charter, the Wolcott Town Council, having adopted the following town expenditure and revenue budget for the 2022-2023 fiscal year at a Regular Meeting held on Tuesday, June 7, 2022, hereby causes to be published said town budget.  A detail of the adopted budget and information supporting the budget actions taken by the Council is available for public inspection in the office of the Town Clerk, Wolcott Town Hall, 10 Kenea Avenue, Wolcott, Mon., Tues., & Wed. 8:00 A.M. until 4:30 P.M.; Thurs. 8:00 A.M. until 5:30 P.M. and on Fridays 8:00 A.M. until 12:00 P.M.  The adopted budget can also be viewed on the Town of Wolcott website, wolcottct.org. – Mrs. Rachel Wisler, Chairperson, Wolcott Town Council.

 

TOWN OF WOLCOTT – BUDGET SUMMARY
Adopted
Revenues & Other Financing Sources   FY 2022-23
   Property Taxes 44,969,741
   Intergovernmental Revenues 12,842,682
   Licenses, Fees and Permits 497,640
   Charges for Services 57,425
   Investment Income 12,000
   Transfers from Other Funds 399,860
   Use of Available Fund Balance 750,000
   Other Income 112,950
Total Revenues & Other Financing Sources 59,642,298
   
Expenditures & Other Financing Uses
   General Government 7,644,942
   Public Safety 7,383,254
   Public Works 1,971,219
   Culture and Recreation 1,028,523
   Education 37,453,363
   Debt Service 3,824,157
   Capital Outlays and Leases 321,840
   Contingency 15,000
Total Expenditures & Other Financing Uses 59,642,298
ADOPTED FY 2022-23 BUDGET SUMMARY & MILL RATE
Total Expenditures & Other Financing Uses 59,642,298
Less:
Revenue & Other Financing Sources Other Than Current Property Taxes (14,769,057)
      Use of Available Fund Balance (750,000)
 Amount to be Raised from Current Property Taxes 44,123,241
Mill Rate 2022-23 33.14
Current Mill Rate 2021-22 30.80
Mill Rate Increase/(Decrease) (2.34)