To the Editor:
Last evening, the Board of Finance unanimously approved the Town’s 2026–2027 budget, endorsing every line item. Entering the second year post-revaluation, this budget reflects a clear understanding of the financial challenges facing municipalities across the state. Rising healthcare costs, contractual obligations, and other fixed expenditures have been carefully balanced against the long-term needs of the Town.
This year’s budget process was marked by exceptional community engagement, with residents actively participating through questions, constructive feedback, and staying informed throughout the process. This level of involvement underscores our shared commitment to Monroe’s future. After weeks of analysis, discussion, and collaboration, the budget being sent to referendum represents a disciplined, well-vetted plan that supports essential services while maintaining fiscal responsibility.
Fiscal Year 2026-2027 Budget Highlights:
- Operating Total: $113,643,817
- Mill Rate: 29.879
- Collection Rate: 98.9%
- Overall Increase: 4.2099%
Town and Board of Education Totals:
- Town Total: $35,943,054
- Town Expenditures: $34,779,011
- Board of Finance Contingency: $775,000
- Other Appropriations: $389,043
- Board of Education Total: $77,700,763. Includes $1,000,000 restoration and an additional $200,000 reserved in contingency
The Board of Finance approached this year’s work with diligence and a commitment to thoughtful decision-making, carefully balancing priorities to ensure a sustainable budget. We also recognize the professionalism and dedication of our Town Departments, whose efforts provided the critical data and insights necessary for informed decision-making. Additionally, the collaboration with the First Selectman, Superintendent, and Town Council was instrumental in shaping a budget that reflects Monroe’s priorities and operational goals.
This budget addresses rising operational costs while mitigating tax impacts for residents. It reflects our responsibility to manage taxpayer resources effectively while delivering essential services that sustain and strengthen our community. Like many municipalities in Connecticut, Monroe faces financial pressures, but this plan ensures that we remain focused on long-term fiscal health.
As we look ahead to the referendum on May 5, 2026, we encourage all residents to continue their engagement and make their voices heard.
Respectfully,
Rebecca O’Donnell, Chair
Monroe Board of Finance
