TOWN OF WATERFORD PROPOSED GENERAL FUND BUDGET-REVENUE & EXPENSES FISCAL YEAR 2026 The RTM Meeting of the Town of Waterford will hold its Annual Budget Meeting on Monday, May 5, 2025, at 7:00 p.m. to consider and act upon the Town Budget for Fiscal Year 2026. All interested citizens of the Town of Waterford have the right to provide written comments concerning the budget. To submit public comment see the agenda or email the Town Clerk at dcampo@waterfordct.org. You may also send them to Dave Campo, Town Clerk, Waterford Town Hall 15 Rope Ferry Road, Waterford, CT 06385. A copy of this notice and the entire proposed budget for the Town of Waterford will be available for public inspection weekdays at the Town Clerk's Office, Town Hall, 15 Rope Ferry Rd, Waterford, CT between the hours of 8:00am and 4:00 pm, beginning Monday, April 14, 2025. The budget as recommended by the Board of Finance for Fiscal Year 2026 for the Town of Waterford as follows: GENERAL FUND REVENUES: STATE OF CONNECTICUT EDUCATION GENERAL GOVERNMENT TOTAL STATE OF CONNECTICUT OTHER SOURCES FEDERAL SOURCES EDUCATION GENERAL GOVERNMENT FY 2023-2024 ACTUAL FY 2024-2025 ACTUAL FY 2025-2026 ANTICIPATED 332,803 1,320,418 1,353,074 1,653,221 1,686,050 328,940 1,544,679 1,873,619 332,976 0 0 0 91,267 1,500 1,500 5,598,364 4,230,080 4,586,356 TOTAL OTHER SOURCES 5,689,631 4,231,580 4,587,856 TOTAL REVENUES BEFORE PROPERTY TAXES 7,563,250 5,884,801 6,273,906 AMOUNT TO BE RAISED BY TAXATION 95,040,983 96,981,849 96,854,653 TOTAL GENERAL FUND REVENUE ESTIMATED FUND BALANCE APPLIED GENERAL FUND EXPENSES: 102,604,233 102,866,650 103,128,559 0 1,000,000 0 FY 2023-2024 ACTUALS FY 2024-2025 APPROVED EXPENDITURES FY 2025-2026 BD. OF FINANCE RECOMMENDED GENERAL GOVERNMENT: BOARD OF SELECTMEN REGISTRARS OF VOTERS BOARD OF FINANCE ASSESSOR BD.ASSESSMENT APPEALS TAX COLLECTOR FINANCE DEPARTMENT 194,644 206,405 206,402 99,192 96,525 121,255 82,451 80,713 83,608 297,701 287,213 319,641 1,167 1,742 1,829 237,040 232,331 227,817 757,758 767,856 784,326 LEGAL DEPARTMENT 432,851 295,000 295,000 TOWN CLERK 252,372 264,849 272,301 PLANNING & ZONING 657,287 686,543 695,016 BUILDING MAINTENANCE 1,172,723 895,824 1,020,000 INSURANCE 4,755,071 4,962,182 5,604,561 ECONOMIC DEVELOPMENT COMM 26,321 25,267 25,352 CONSERVATION COMMISSION 9,472 18,250 18,250 ZONING BOARD OF APPEALS 1,609 4,310 4,310 RETIREMENT COMMISSION 6,378,194 7,760,257 7,760,257 REPRESENTATIVE TOWN MTG. 16,247 18,903 18,903 BUILDING DEPARTMENT 277,875 326,532 321,515 SOC.SVC.GRANTS/MISC. 91,315 100,250 103,510 CONTINGENCY 262,610 265,000 265,000 FLOOD & EROSION CONTROL BD 574 1,109 1,109 ETHICS COMMISSION 447 900 HUMAN RESOURCES DEPARTMENT 267,493 264,204 900 244,204 EMERGENCY MANAGEMENT 1,002,327 1,196,762 1,230,035 FIRE SERVICES 3,497,406 3,632,425 3,958,130 POLICE DEPARTMENT 6,671,997 7,115,644 7,250,097 INFORMATION TECHNOLOGY 1,146,256 1,231,423 1,214,796 PUBLIC WORKS DEPARTMENT 4,532,710 5,086,238 5,154,902 YOUTH SERVICES 257,202 294,579 307,435 CONSERVATION OF HEALTH 148,407 148,407 155,063 PUBLIC HEALTH NURSING SERV. 15,653 26,297 21,600 SENIOR CITIZENS COMMISSION 488,563 481,248 523,586 WATERFORD PUBLIC LIBRARY 1,063,891 1,006,837 1,012,780 RECREATION & PARKS COMM. 1,421,329 1,485,080 1,535,328 TOTAL GENERAL GOVERNMENT BOARD OF EDUCATION: OPERATING BUDGET TOTAL BOARD OF EDUCATION 36,518,155 39,267,105 40,758,818 54,418,893 57,611,181 60,366,308 54,418,893 57,611,181 60,366,308 CAPITAL AND DEBT SERVICE: CURRENT YEAR CAPITAL IMPR. 2,787,620 1,312,527 1,312,527 TRANS TO CAP & NON-REC. 938,399 938,399 938,399 DEBT SERVICE 8,148,250 8,109,746 7,964,500 TOTAL CAPITAL AND DEBT SERVICE 11,874,269 10,360,672 10,215,426 TOTAL GENERAL FUND 102,811,317 107,238,958 111,340,552 Glenn Patterson, CHAIRMAN, BOARD OF FINANCE TOWN OF WATERFORD PROPOSED GENERAL FUND BUDGET - REVENUE & EXPENSES FISCAL YEAR 2026 The RTM Meeting of the Town of Waterford will hold its Annual Budget Meeting on Monday , May 5 , 2025 , at 7:00 p.m. to consider and act upon the Town Budget for Fiscal Year 2026. All interested citizens of the Town of Waterford have the right to provide written comments concerning the budget . To submit public comment see the agenda or email the Town Clerk at dcampo@waterfordct.org . You may also send them to Dave Campo , Town Clerk , Waterford Town Hall 15 Rope Ferry Road , Waterford , CT 06385. A copy of this notice and the entire proposed budget for the Town of Waterford will be available for public inspection weekdays at the Town Clerk's Office , Town Hall , 15 Rope Ferry Rd , Waterford , CT between the hours of 8:00 am and 4:00 pm , beginning Monday , April 14 , 2025. The budget as recommended by the Board of Finance for Fiscal Year 2026 for the Town of Waterford as follows : GENERAL FUND REVENUES : STATE OF CONNECTICUT EDUCATION GENERAL GOVERNMENT TOTAL STATE OF CONNECTICUT OTHER SOURCES FEDERAL SOURCES EDUCATION GENERAL GOVERNMENT FY 2023-2024 ACTUAL FY 2024-2025 ACTUAL FY 2025-2026 ANTICIPATED 332,803 1,320,418 1,353,074 1,653,221 1,686,050 328,940 1,544,679 1,873,619 332,976 0 0 0 91,267 1,500 1,500 5,598,364 4,230,080 4,586,356 TOTAL OTHER SOURCES 5,689,631 4,231,580 4,587,856 TOTAL REVENUES BEFORE PROPERTY TAXES 7,563,250 5,884,801 6,273,906 AMOUNT TO BE RAISED BY TAXATION 95,040,983 96,981,849 96,854,653 TOTAL GENERAL FUND REVENUE ESTIMATED FUND BALANCE APPLIED GENERAL FUND EXPENSES : 102,604,233 102,866,650 103,128,559 0 1,000,000 0 FY 2023-2024 ACTUALS FY 2024-2025 APPROVED EXPENDITURES FY 2025-2026 BD . OF FINANCE RECOMMENDED GENERAL GOVERNMENT : BOARD OF SELECTMEN REGISTRARS OF VOTERS BOARD OF FINANCE ASSESSOR BD.ASSESSMENT APPEALS TAX COLLECTOR FINANCE DEPARTMENT 194,644 206,405 206,402 99,192 96,525 121,255 82,451 80,713 83,608 297,701 287,213 319,641 1,167 1,742 1,829 237,040 232,331 227,817 757,758 767,856 784,326 LEGAL DEPARTMENT 432,851 295,000 295,000 TOWN CLERK 252,372 264,849 272,301 PLANNING & ZONING 657,287 686,543 695,016 BUILDING MAINTENANCE 1,172,723 895,824 1,020,000 INSURANCE 4,755,071 4,962,182 5,604,561 ECONOMIC DEVELOPMENT COMM 26,321 25,267 25,352 CONSERVATION COMMISSION 9,472 18,250 18,250 ZONING BOARD OF APPEALS 1,609 4,310 4,310 RETIREMENT COMMISSION 6,378,194 7,760,257 7,760,257 REPRESENTATIVE TOWN MTG . 16,247 18,903 18,903 BUILDING DEPARTMENT 277,875 326,532 321,515 SOC.SVC.GRANTS / MISC . 91,315 100,250 103,510 CONTINGENCY 262,610 265,000 265,000 FLOOD & EROSION CONTROL BD 574 1,109 1,109 ETHICS COMMISSION 447 900 HUMAN RESOURCES DEPARTMENT 267,493 264,204 900 244,204 EMERGENCY MANAGEMENT 1,002,327 1,196,762 1,230,035 FIRE SERVICES 3,497,406 3,632,425 3,958,130 POLICE DEPARTMENT 6,671,997 7,115,644 7,250,097 INFORMATION TECHNOLOGY 1,146,256 1,231,423 1,214,796 PUBLIC WORKS DEPARTMENT 4,532,710 5,086,238 5,154,902 YOUTH SERVICES 257,202 294,579 307,435 CONSERVATION OF HEALTH 148,407 148,407 155,063 PUBLIC HEALTH NURSING SERV . 15,653 26,297 21,600 SENIOR CITIZENS COMMISSION 488,563 481,248 523,586 WATERFORD PUBLIC LIBRARY 1,063,891 1,006,837 1,012,780 RECREATION & PARKS COMM . 1,421,329 1,485,080 1,535,328 TOTAL GENERAL GOVERNMENT BOARD OF EDUCATION : OPERATING BUDGET TOTAL BOARD OF EDUCATION 36,518,155 39,267,105 40,758,818 54,418,893 57,611,181 60,366,308 54,418,893 57,611,181 60,366,308 CAPITAL AND DEBT SERVICE : CURRENT YEAR CAPITAL IMPR . 2,787,620 1,312,527 1,312,527 TRANS TO CAP & NON - REC . 938,399 938,399 938,399 DEBT SERVICE 8,148,250 8,109,746 7,964,500 TOTAL CAPITAL AND DEBT SERVICE 11,874,269 10,360,672 10,215,426 TOTAL GENERAL FUND 102,811,317 107,238,958 111,340,552 Glenn Patterson , CHAIRMAN , BOARD OF FINANCE