Danbury Mayor Proposes More Capital Spending in 2015-16 Budget

Danbury Mayor Mark Boughton proposed a $238 million budget Tuesday, the News Times reports.

The budget carries a 2.4 percent increase in the tax rate and includes a big investment in city infrastructure.

According to the News Times, Boughton said low interest rates make this a good year for investing in capital projects. The $30 million proposed is six times the normal amount of a capital budget.

The impact of the big capital plan will not affect taxpayers too much as the city will have less debt service next year, the paper reports. There is a spending increase of 0.8 percent in the budget, all of which is going towards the school budget.

Before a vote to adopt the budget is taken a public hearing will be scheduled by the City Council.

Read the full story at the News Times.

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