Town of Montville
Town of Montville
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2005-2006 Town Budget

 Mill Rate Calculation

Adopted budget

 48,718,655

Less Revenue Projections

 (19,618,215)

 

 29,100,440

Amount to be raised by taxation (adjusted to reflect 98% collection rate)

 29,694,327

Grand List  

1,020,278,666

Adopted Mill Rate 2005/2006

 29.10

2004/2005 Mill Rate

27.9

Increase over 2004/2005

 1.13

 Projected Expenditures

Government

12,755,951

26.18%

Education

31,794,709

65.26%

Debt

3,597,995

7.39%

Capital

570,000

1.17%

TOTAL

48,718,655

 




 Estimated Revenues   

Property Taxes

30,037,440

61.65%

Federal & State

  15,281,715

 31.37%

Investments/Assessment

865,000

  1.78%

Permits & Charges

1,745,500

3.58%

Misc.

789,000

  1.62%

TOTAL

 48,718,655