Town of Montville
Town of Montville
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2007-2008 Town Budget



Mill Rate Calculation 2007-2008

Adopted budget

54,409,864

Estimated Revenues

(24,027,506)

 

30,382,358

Amount to be raised by taxation (adjusted to reflect 98.5% collection rate)

30,845,034

Grand List

1,468,999,735

Mill Rate calculation

21.00

Mill Rate 2006/2007

 29.86

Mill Rate Decrease

 8.86



Projected Revenues 2007-2008

Property Taxes/surplus use

31,528,658 

57.95% 

Federal & State

19,014,306 

34.95% 

Investments/Assessments

1,129,500 

2.08% 

Permits & Charges

1,874,900 

3.45% 

Miscellaneous

862,500

1.59%

TOTAL

54,409,864

  100.00%

                                                     
   

Projected Expenditures 2007-2008

  General Government

14,652,601

26.93%

Education

34,519,778

63.44%

Debt

4,196,915

7.71%

Capital

1,040,570

1.91%

TOTAL

54,409,864

100.00%