May 2012 Issue

Town Meeting
To approve the 2012-13 Budget
Wednesday May 23, 2012 at 7:00 pm - HVFC Firehouse #1

Town Budget:
Preliminary Review

by Alan Aronow

At the time the Bulletin went to press, next year’s 2012/13 proposed town budget (Table #1) totaled $28,623,120. This figure includes Haddam’s share of Regional School District #17’s education budget. If approved, the Town Budget will increase spending by 3.1% ($859,092) over the current approved 2011/12 budget.
This article provides an overview of the proposed town budget and process by which the final budget is determined. The figures shown are based on the best information available to the Bulletin at the time this article was written and is subject to change by the board of finance before the final proposed town budget is presented to the public.
The Town Budget
Each year, Haddam’s board of selectmen prepares a town budget for the upcoming fiscal year outlining proposed sources of revenue and projected expenses.
The budget takes effect on July 1 and runs until June 30 of the following year.
REVENUE: Property taxes generate approximately 90% of town revenue. The balance is derived from inter-governmental non-property tax sources (State and Federal) as well as revenue from permits, conveyance fees, and interest on investment income.
EXPENSES: It’s important to remember there are two distinct expense categories to the town budget: the RSD #17 education budget and the selectmen’s budget. Each of these is independently prepared and separately voted on by Haddam taxpayers.
(Full Article)

Town of Haddam
School Budget Referendum
May 8, 2012 • 6 a.m. to 8 p.m.

The annual referendum for the District #17 School Budget will be held on May 8, 2012 from 6 a.m. to 8 p.m.
All Polling Locations will be open for this election. Remember, all property owners (who own Haddam taxable property of $1,000 or more) are encouraged to let your voice be heard.
Polling Locations:
District #001—Haddam Firehouse, 439 Saybrook Road, Higganum
District #002—Central Office, 57 Little City Road, Higganum
District #003—Haddam Neck Firehouse, 50 Rock Landing Road, Haddam Neck
Call the Registrars of Voters or the Town Clerk at 345-8531 for absentee ballots or more information.