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COVENTRYâThe town managerâs budget would raise the motor vehicle and property tax rates as well as make cuts to departments.
He is recommending the tax rates be adjusted to the highest allowed by Senate Bill 3050, a 4.25 percent total increase between the two, as well as recommending close to $800,000 in cuts town-wide and level-funding to the school department.
The $2 million capital budget would go almost entirely to the town, and the schools would be encouraged to seek a bond on their own to pay for extensive capital improvement needs.
Hoover began the presentation by saying that he would typically begin by telling the council he was âpleased to present this yearâs budget,â but this time around he did not, instead saying âItâs not a good situation.â
âThe economy continues to be poor,â he said, noting that that is not just in Coventry but throughout the entire state and country.