Board of Finance Approves $500,000 Enrollment Contingency Fund
Board of Finance · Meeting of May 12, 2026
New Canaan Board of Finance sets aside $500,000 for a possible school enrollment crunch. Superintendent Dr. Lutzy told the board West Elementary School kindergarten enrollment is up 32 to 34 percent, prompting a plan to shift two prekindergarten classrooms to South School, while East School will avoid modular classrooms after all.
In a related Water Pollution Control Authority session, members unanimously approved a sewer connection for a 20,000-square-foot, 30-bed expansion at the Wave Life Care Network on Three Farm Road, assessed a $45,000 impact fee. The board also heard that the town's April 28 bond sale drew "17 biders," priced at 3.23 percent against a 3.6 percent average cost of capital, with New Canaan still AAA rated. Officials clarified the Waveny House elevator, delayed to an August completion target, is part of a $4.2 million project, not a "$4 million elevator" as rumored.
General fund expenses are projected to rise 1.91 percent for fiscal year 2027.
In the full story:
- The complete report — 1,205 words
Source: the Board of Finance meeting of May 12, 2026, reported from the official video recording and transcript.
Keep reading with a 30-day free trial
Subscribe to Fairfield County CT News to keep reading this post and get 30 days of free access to the full post archives.
Starting a trial requires a payment method. After 30 free days your subscription begins at the price shown at checkout and renews automatically until you cancel. You can cancel anytime from your account. Subscription terms
A subscription gets you:
- Subscriber-only posts and full archive
- Post comments and join the community
- 24x7 access to local news