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) |
