Politics & Government
Tax Cuts Possible In New London Proposed Budget
Some property owners will get a tax cut if a proposed budget passes.
NEW LONDON, CT - Mayor Michael Passero's proposed 2019-20 budget will result in a tax break for some, according to The New London Day. The proposed budget would result in a drop in the city's mill rate of 43.62 mills to 39.9 mills.
A revaluation of city property showed a 9.4 net increase in the grand list.
The $93.55 million spending plan includes $46.6 million for the city and $46.8 million for education.
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Read the full story in The Day.
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