ELECTORS AND CITIZENS ELIGIBLE TO VOTE IN THE TOWN MEETING ARE HEREBY WARNED THAT THE ANNUAL TOWN BUDGET MEETING WILL BE HELD ON MONDAY, MAY 19, 2025, AT 7:30PM, IN THE MEET- ING HALL AT OLD LYME MEMORIAL TOWN HALL, 52 LYME STREET, OLD LYME, CONNECTICUT. The Town Meeting will consider and act upon the following: 1. THE BUDGET FOR FISCAL YEAR JULY 1, 2025 THROUGH JUNE 30, 2026, AS RECOMMENDED BY THE BOARD OF FINANCE. FOR MORE DETAIL GO TO https://www.oldlyme-ct.gov/325/Board-of-Finance. COPIES ARE AVAILABLE IN THE SELECTMAN'S OFFICE. FY23/24 FY24/25 REVENUE & OTHER FINANCING SOURCES ACTUAL ADOPTED FY25/26 REQUEST TAXES, INTEREST, AND LIEN FEES 37,766,978 $ LOCAL REVENUE $ 2,500,207 $ 39,027,110 1,616,622 $ 40,820,476 $ 1,751,568 TOWN AID ROAD MAINTENANCE $ 229,910 $ 229,910 $ 229,918 LOCIP $ 122,451 $ 73,401 $ 73,138 EMERGENCY MANAGEMENT $ 129,555 $ 120,000 $ 120,000 EDUCATION COST SHARING 747,419 $ 934,085 $ 1,491,978 MUNICIPAL REVENUE SHARING $ 109,032 GRANTS FOR MUNICIPAL PROJECTS 1,888 $ 1,888 $ 1,888 PILOT - STATE OF CT 67,334 $ 67,334 69,913 STATE OF CT-JUDICAL 200 $ 2,000 TELEPHONE ACCESS LINE GRANT 38,891 $ 38,912 28,025 STEAP GRANT-FERRY RD SIDEWALKS 126,000 $ DOT-MILL CREEK BRIDGE $ 12,216 $ DOT - SV SIDEWALKS 146,245 $ VETERANS TAX EXEMPTION 2,726 $ 2,500 2,500 DISABILITY TAX EXEMPTION 247 $ 170 $ 200 MISC. STATE GRANT 22,062 $ 5,000 $ 2,500 UNASSIGNED FUND $ $ $ 800,000 TOTAL REVENUES & OTHER FINANCING SOURCES $ 42,023,361 $ 42,116,932 $ 45,394,104 EXPENDITURES & OTHER FINANCING USES 201 GENERAL GOVERNMENT 3,024,961 $ 3,589,507 $ 3,870,177 202 BOARDS & COMMISSIONS $ 452,970 $ 608,420 $ 605,025 203 PUBLIC WORKS $ 889,707 $ 971,442 $ 1,041,985 204 PARKS & RECREATION 500,891 $ 570,087 $ 582,404 205 PUBLIC SAFETY 1,805,860 $ 2,003,927 $ 2,165,739 206 SOCIAL SERVICES & SENIOR CITIZENS 356,415 $ 397,825 $ 411,728 210 SPECIAL&CAPITAL PROJ FUNDS 1,433,925 $ 1,279,700 $ 1,774,700 211 GRANTS TO NON-PROFITS $ 458,500 $ 480,500 $ 495,980 GRANTS TO BEACH ASSOCIATIONS $ 71,700 $ 85,000 $ 90,000 213 SANITATION & RECYCLING 1,369,640 $ 1,419,427 $ 1,426,689 215 DEBT PRINCIPAL AND INTEREST 442,910 $ 431,182 $ 702,350 CAPITAL OUTLAY 1,012,377 $ 749,033 $ 710,825 REGIONAL SCHOOL DISTRICT #18 $ 28,183,714 $ 29,530,882 $ 31,516,502 TOTAL EXPENDITURES & OTHER FINANCING USES $ 40,003,570 $ 42,116,932 $ 45,394,104 EXCESS OF REVENUES OVER EXPENDITURES $ 2,019,791 $ $ UNASSIGNED FUND BALANCE $ 14,402,328 $ *Note YTD FY24/25 Additional Appropriations approved by BOS/BOF/Town Meeting Follows: Hawks Nest $144,500/OL Zoning Pub $54,776/ SV Sidewalks $60,000/ Rogers Dam $19,925/ EOC Expansion $1,352,170/ Mooring/Swim Lines $19,969, totaling $1,651,340. ELECTORS AND CITIZENS ELIGIBLE TO VOTE IN THE TOWN MEETING ARE HEREBY WARNED THAT THE ANNUAL TOWN BUDGET MEETING WILL BE HELD ON MONDAY , MAY 19 , 2025 , AT 7:30 PM , IN THE MEET- ING HALL AT OLD LYME MEMORIAL TOWN HALL , 52 LYME STREET , OLD LYME , CONNECTICUT . The Town Meeting will consider and act upon the following : 1. THE BUDGET FOR FISCAL YEAR JULY 1 , 2025 THROUGH JUNE 30 , 2026 , AS RECOMMENDED BY THE BOARD OF FINANCE . FOR MORE DETAIL GO TO https://www.oldlyme-ct.gov/325/Board-of-Finance . COPIES ARE AVAILABLE IN THE SELECTMAN'S OFFICE . FY23 / 24 FY24 / 25 REVENUE & OTHER FINANCING SOURCES ACTUAL ADOPTED FY25 / 26 REQUEST TAXES , INTEREST , AND LIEN FEES 37,766,978 $ LOCAL REVENUE $ 2,500,207 $ 39,027,110 1,616,622 $ 40,820,476 $ 1,751,568 TOWN AID ROAD MAINTENANCE $ 229,910 $ 229,910 $ 229,918 LOCIP $ 122,451 $ 73,401 $ 73,138 EMERGENCY MANAGEMENT $ 129,555 $ 120,000 $ 120,000 EDUCATION COST SHARING 747,419 $ 934,085 $ 1,491,978 MUNICIPAL REVENUE SHARING $ 109,032 GRANTS FOR MUNICIPAL PROJECTS 1,888 $ 1,888 $ 1,888 PILOT - STATE OF CT 67,334 $ 67,334 69,913 STATE OF CT - JUDICAL 200 $ 2,000 TELEPHONE ACCESS LINE GRANT 38,891 $ 38,912 28,025 STEAP GRANT - FERRY RD SIDEWALKS 126,000 $ DOT - MILL CREEK BRIDGE $ 12,216 $ DOT - SV SIDEWALKS 146,245 $ VETERANS TAX EXEMPTION 2,726 $ 2,500 2,500 DISABILITY TAX EXEMPTION 247 $ 170 $ 200 MISC . STATE GRANT 22,062 $ 5,000 $ 2,500 UNASSIGNED FUND $ $ $ 800,000 TOTAL REVENUES & OTHER FINANCING SOURCES $ 42,023,361 $ 42,116,932 $ 45,394,104 EXPENDITURES & OTHER FINANCING USES 201 GENERAL GOVERNMENT 3,024,961 $ 3,589,507 $ 3,870,177 202 BOARDS & COMMISSIONS $ 452,970 $ 608,420 $ 605,025 203 PUBLIC WORKS $ 889,707 $ 971,442 $ 1,041,985 204 PARKS & RECREATION 500,891 $ 570,087 $ 582,404 205 PUBLIC SAFETY 1,805,860 $ 2,003,927 $ 2,165,739 206 SOCIAL SERVICES & SENIOR CITIZENS 356,415 $ 397,825 $ 411,728 210 SPECIAL & CAPITAL PROJ FUNDS 1,433,925 $ 1,279,700 $ 1,774,700 211 GRANTS TO NON - PROFITS $ 458,500 $ 480,500 $ 495,980 GRANTS TO BEACH ASSOCIATIONS $ 71,700 $ 85,000 $ 90,000 213 SANITATION & RECYCLING 1,369,640 $ 1,419,427 $ 1,426,689 215 DEBT PRINCIPAL AND INTEREST 442,910 $ 431,182 $ 702,350 CAPITAL OUTLAY 1,012,377 $ 749,033 $ 710,825 REGIONAL SCHOOL DISTRICT # 18 $ 28,183,714 $ 29,530,882 $ 31,516,502 TOTAL EXPENDITURES & OTHER FINANCING USES $ 40,003,570 $ 42,116,932 $ 45,394,104 EXCESS OF REVENUES OVER EXPENDITURES $ 2,019,791 $ $ UNASSIGNED FUND BALANCE $ 14,402,328 $ * Note YTD FY24 / 25 Additional Appropriations approved by BOS / BOF / Town Meeting Follows : Hawks Nest $ 144,500 / OL Zoning Pub $ 54,776 / SV Sidewalks $ 60,000 / Rogers Dam $ 19,925 / EOC Expansion $ 1,352,170 / Mooring / Swim Lines $ 19,969 , totaling $ 1,651,340 .