Round 2 Of Tolland's Budget Voting On Tap For Tuesday

TOLLAND, CT — Round 2 of Tolland's 2024-25 budget referendum is scheduled for Tuesday in the Library Program Room from 6 a.m. to 8 p.m.

Here is the official notice:

“Shall the Town of Tolland’s proposed 2024-2025 budget of $64,364,940, reflecting a spending increase of $2,813,583 or 4.57 percent, which requires an estimated tax rate of 38.49 mills for an increase of 1.16 mills or 3.11% be adopted?” Yes/No”

Here is an overview:

"Tolland’s budget is being impacted by increasing Expenditures partially offset by local revenue increases. Spending is increasing by $2,813,583 while non-tax revenue is also increasing $1,060,623 over last year’s budget. This includes an increase of $180,150 in the State reimbursement of motor vehicle tax difference for the lower mill rate cap, an increase in investment income of $306,375, increases and decreases in other revenues and the impact of the hold harmless allowance in the Education Cost Sharing grant of $175,378. This revenue also includes an additional $100,000 from undesignated fund balance and $300,000 from the Municipal Tax Stabilization Fund."