HARTFORD, CONN (April 18, 2022) – Today, Mayor Luke Bronin delivered his Recommended Budget for the City of Hartford for the Fiscal Year 2023 to City Council. The Mayor’s Recommended Budget reduces the property tax rate (mill rate) by 7.2%, from 74.29 to 68.95, the largest property tax reduction in decades. The Recommended Budget totals $599.57 million, a 0.79% increase from FY22’s revised budgeted expenditures of $594.85 million, and a 2.67% increase over the FY22 Adopted Budget of $583.96 million.
The Recommended Budget does not include any borrowing or one-time revenues, and continues Mayor Bronin’s longstanding commitment to funding capital investments from annual operating dollars rather than borrowing. The budget prioritizes key services such as public safety and public works, and fully funds the City’s annual contribution to the pension fund.
“This Recommended Budget continues our commitment to careful, disciplined budgeting – focusing on core services like public safety and quality of life, while protecting Hartford’s long-term sustainability and strength,” said Mayor Bronin. “We’re proposing the largest reduction in the property tax rate in many years, which is something that seemed almost unimaginable five years ago when we confronted the largest budget crisis in Hartford’s history. We have a lot of work left to do, but this budget keeps Hartford on a solid, sustainable path as we work to recover from the past two years and recapture the energy and momentum we had built prior to the pandemic. I’m grateful to our entire team for their hard work.”
The City of Hartford has not relied on resources from the Biden Administration’s American Rescue Plan to balance its budget. Rather, a separate ARP plan was proposed by the Mayor and approved by the City Council in 2021, including investments in youth services, community safety and wellness, small business support, flood resilience, and economic development.
City Council will have until May 18, 2022 to review the Mayor’s Recommended Budget. A series of budget hearings will be held over the intervening weeks, beginning with a formal public hearing on Tuesday, April 26th, beginning at 6pm at the Hartford Public Library’s downtown branch.
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