Community Corner
Tax Rate Increase Approved By Groton Town Council
The Groton Town Council recently voted to raise the town tax rate that will fund the budget for the coming fiscal year.
GROTON, CT - The Groton Town Council voted Tuesday night to raise the town tax rate by 8.7 percent, the New London Day reported. The increased rate will fund the budget for the coming fiscal year.
The increase will mean an additional $190 in taxes for each $100,000 of assessed property value for residents, according to the New London Day. Some council members felt uneasy about voting for the increase, but also did not feel they had a choice. (To sign up for Groton breaking news alerts and more, click here.)
Groton officials still do not know how much the town may lose in state aid, the New London Day reported. The council based the tax rate on an estimated $5 million loss in state education funding for the town.
Find out what's happening in Grotonfor free with the latest updates from Patch.
Find out what's happening in Grotonfor free with the latest updates from Patch.
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