By Patricia Villers
Register Staff
SHELTON — Mayor Mark A. Lauretti’s proposed budget for 2012-2013 carries a 17.7 percent increase in the tax rate, from 18.57 to 21.85 mills.
The rise is due to re-evaluation, Lauretti said, and the decline in residential property values. But he quickly added that about 95 percent of homeowners will see their property taxes go down.
Lauretti Wednesday presented his budget to the boards of Aldermen and Apportionment and Taxation at City Hall. He recommended spending $113,364,450. Lauretti, an 11-term mayor, said this was his 21st budget presentation.
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