NEW BRITAIN - The Board of Finance and Taxation met Thursday evening to give the final stamp of approval on its budget recommendation before it’s sent to Mayor Erin Stewart.
The board recommended a budget of $251,553,733 for the 2018-2019 fiscal year, about $10 million more than the city’s current operation budget of $241,537,535, about a 4 percent increase.
The biggest singular portion of the budget goes to the school district.
The Board of Finance and Taxation recommended that - for a third year in a row - the Board of Education be flat-funded at $125.7 million.
After other education expenditures that aren’t officially part of the Board of Education budget, the Board of Finance and Taxation’s recommendation for the school board budget is about $126.5 million, about $162,000 less than the current operating budget.
In January, Superintendent Nancy Sarra proposed a $130.4 million budget proposal, a 3.72 percent increase from the current year.
The city’s allotment accounts for the other $125 million of the budget.
Major increases to the general government portion of the proposal comes from about $6.6 million in debt service payments and about $1.5 million in increased police and fire department pension obligations.
The Board of Finance and Taxation also recommended an almost $1 million increase in its contribution the Workers’ Compensation Fund.
Other big allotments in the budget go to the Police Department and Fire Department.
The board recommended the Police Department be funded about $18.2 million while the Fire Department be funded at almost $14 million, both slight increases from last year.
The Public Works Department also sees a slight increase in the Board of Finance and Taxation’s recommendations with a $13.3 million budget allotment, up from this year’s $12.6 million.
The board planned to submit its budget to the mayor’s office Friday morning for her to analyze and edit.
The mayor will give her budget presentation to the Common Council sometime in April, and the council will have 60 days after that to put together their budget based on the mayor’s recommendations.
Skyler Frazer can be reached at 860-801-5087 or by email at firstname.lastname@example.org.