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Stamford Board Of Finance Slices Proposed Budget By $7 Million

STAMFORD, Conn. -- The Stamford Board of Finance cut $7 million from Mayor David Martin's proposed budget Thursday, April 10, according to CTNews.com. 

The Stamford Board of Finance cut $7 million Thursday, April 10 from Mayor David Martin's proposed budget, according to CTNews.com.

The Stamford Board of Finance cut $7 million Thursday, April 10 from Mayor David Martin's proposed budget, according to CTNews.com.

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The cuts would lower the property tax increase to 3.5 percent, according to the report. Martin unveiled the budget proposal in March that included a $515.4 million spending package and a 4.92 percent property tax increase, according to the report. 

The Board of Finance’s cuts included a $2.9 million reduction to the Board of Education’s proposed budget increase, according to the report. The Board of Representatives will meet on May 6 to make cuts before the finance board meets again on May 13. 

Click here to read the full story from CTNews.com.

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