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Stamford Tax Rate To Be Set Tuesday Night

Timothy Abbazia, chair of the  Stamford Board of Finance, will lead the board in setting the tax rates for the upcoming year.
Timothy Abbazia, chair of the Stamford Board of Finance, will lead the board in setting the tax rates for the upcoming year. Photo Credit: Anthony Buzzeo

STAMFORD, Conn. — Stamford’s Board of Finance will be meeting Tuesday night to set the city's tax rate for the upcoming fiscal year.

The rate will have to cover the spending plans approved by the Board of Representatives last week. The city’s operating budget was set at $493.13 million, the capital budget at $38.07 million and the Water Pollution Control Authority capital budget at $5.3 million. The special funds are:

  • $1,578,129 – E. G. Brennan Fund
  • $9,067,023 – Grants Funded Programs Fund
  • $8,515,642 – Police Extra Duty Fund
  • $87,647,053 – Risk Management Fund
  • $436,373 – Marina Fund
  • $21,950,705 – WPCA Fund
  • $6,145,500 – Parking Fund

This year’s mill rate breakdown by district is as follows:

  • A: $17.89, which is 2.3 percent higher than last year;
  • B: $17.49, 2.3 percent higher than last year;
  • C: $16.73, 2.6 percent higher than last year;
  • and CS: $17.08, 2.6 percent high than last year.

The four districts are split geographically across the city and differ depending on certain services each receives.

The fiscal year runs from July 1, 2013, to June 30, 2014.

The special meeting is scheduled to begin at 6:30 p.m. in the Board of Finance Conference Room on the fourth floor of the Stamford Government Center, 888 Washington Blvd.

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