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Issue · Stamford, CT

Fund 57 Capital Reserve Tax Rate Increase

Board approved additional tax-rate increase to create $7 million school capital reserve, overriding concerns about timing during slower grand-list growth.

Overview

City will increase property taxes across districts to pre-fund $7 million in future school capital projects rather than issue bonds.

Arguments in favor
Avoids higher long-term bonding costs and corrects prior fiscal strategy
board-of-representatives 2026-05-19
For
Arguments against
Tax increase occurs during lower grand-list growth and rising operational costs
board-of-representatives 2026-05-19
Against
What's next

Mill-rate increase takes effect for FY2027

Fund 57capital reservetax ratemill rate