Board of Finance adopts 16.967 mill rate for fiscal 2027
Board of Finance · Meeting of June 9, 2026
New Canaan Board of Finance sets the lowest projected tax increase among area towns at 2.48 percent. Meeting June 9, the board voted unanimously to adopt a mill rate of 16.967 on a taxable base of $168,118,990, opting to draw $5.8 million from the town's unassigned fund balance rather than the originally budgeted $5 million, which would have produced a 2.97 percent increase. Finance staff reported a roughly $6 million fiscal 2026 surplus, driven by conveyance fees beating budget by about $650,000 and interest income by about $366,000.
One member warned the larger drawdown is "like a drug that we've never used," while another argued the town should "help the taxpayer" in an inflationary year. The board separately approved $48,647.81 in budget transfers, including funds to cover tax-bill postage and retroactive police salary increases.
In the full story:
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Source: the Board of Finance meeting of June 9, 2026, reported from the official video recording and transcript.
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