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 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.
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