Property Taxes
Mayor’s Mill Rate Increase Will Hike Taxes An Average Of $204 On Single Family Homes
Republicans Falsely Claim A $44 Increase After Double Digit Increases This Year; State Stabilization Funds Add $10 Million To City Revenue For Fiscal Year 2025 By John McNamara The dust is settling on the making of the 2024-2025 municipal budget for the Stewart Administration and the closely-divided Common Council of eight Democrats and seven Republicans. […]
Council Considering Two More Developer Tax Abatements
The City Council will hear public testimony and consider two more tax abatements, adding to a number of other abatements provided to real estate developers in the city. One proposal would provide a limit of taxes owed by the owner at 102 West Main Street, “which limits real estate property taxes to $700.00 per residential […]
State School Aid to New Britain Up 56% Since 2012; Grant Will Reach $115.5 Million By 2025
“Flat Funding” Claim By Mayor Stewart Is Contradicted By The Actual Numbers By John McNamara The new state budget adopted last month brought increases in Educational Cost Sharing (ECS) funds to the New Britain School District over the next two years. The $11.9 million increase approved by the legislature and Governor will bring the total […]
Attorney For Stalled East Street Project Seeks Dialogue With City
Developer Jim Sanders Says City Hall “Gag Order” Violates Property Rights By John McNamara NEW BRITAIN – The Attorney for Chamberlain Square LLC and its owner, James Sanders, is requesting further discussion with city officials on the “land use and economic development merits” of a proposed mixed use development at 600 East Street and an […]
Mayor’s Proposed Budget Will Bring 12.58% Tax Hike
Public Hearing Is April 24th; Common Council Adoption Due By June 7th Staff Reports NEW BRITAIN – Mayor Erin Stewart’s proposed $265,849,055 city budget would increase property taxes by 12.58% for the fiscal year that begins July 1st, with a 5.92% spending increase over current year expenditures. The Mayor’s General Fund Budget Book 2023-2024 Stewart’s […]
Council Committee Agrees To Compromise On Tax Break For Myrtle Street Housing Development
Incentive Drops From 26 To 13 Years In Amended Resolution That Goes To Common Council For Approval By John McNamara NEW BRITAIN- The Common Council’s Committee on Administration, Finance and Law (AFL) unanimously approved a “compromise” tax break at a January 4th meeting for Avon Towers LLC to develop 119 housing units at 480 Myrtle […]