Budget		Projected		Proposed
			2006/2007		2006/2007		2007/2008
					(as of 3/20/07)
General Tax Receipts			15,592,734		#######		21,414,301
Other Tax Collections (Back taxes, Interest, liens)			10,000		55,000		10,000
INTERGOVERNMENTAL REVENUES
	Pequot/Mohegan Grant		30,674		29,498		26,288	State
	Town Aid Road		110,392		126,064		92,446	State
	PILOT - In Lieu of Tax		147,274		202,193		138,766	State
	LoCIP - Local Capital Improvement Plan ($55,000 annually)		54,368		76,877		100,000	State
	Youth Services		14,000		14,000		14,000	State
	Boating Safety		3,913		3,913		3,913	State
	Tax Relief for Elderly		17,000		34,260		17,000	State
	Veterans Tax Relief		18,000		7,979		18,000	State
	Disabled Grant		0		414		0	State
	Education Grant		2,043,668		#######		2,104,978	State
OTHER REVENUES
	Licenses, Fees and Permits		120,000		290,000		290,000	Town
	Charges for Goods & Services		90,000		50,000		85,000	Town
	Region #17 Building Fees		31,000		52,448		0	Town
	Interest Income		75,000		210,000		200,000	Town
	Capital Surcharge		4,500		5,300		4,500	Town
	Other Revenues		100,000		115,900		116,000	Town
	Undesignated Fund Balance		531,279				500,000	Town
	Capital Reserve Fund Transfer		400,000		500,000		500,000	Town
TOTAL REVENUES			19,393,802		#######		25,635,192
EXPENDITURES
	Town - Ordinary		4,351,576		#######		4,581,140	A
	Town - Capital		188,500		188,500		457,930	A
	Reg School District #17		14,853,727		#######		15,427,890	A
TOTAL EXPENDITURES			19,393,803		#######		20,466,960
Shortfall							-5,168,232
Shortfall in mils							-6.502
ne Mil =			0.02763				794,911
	Grand Levy/Grand List = mil
Net Taxable Grand List			578,217,418				794,910,796
Current Mil Rate			0.02763		0.02763		0.02763
Gross Tax Levy			15,976,147		0		21,963,385
Less 2.5% uncollected taxes			399,404		0		549,085
Net Raised From Taxes			15,576,744		0		21,414,301