Mayor Mark Lauretti to present Shelton city budget Thursday

An Inauguration Ceremony for Shelton Mayor Mark A. Lauretti and other elected officials is held at the Shelton Senior Center in Shelton, Conn., on Tuesday Nov. 19, 2019. Lauretti took the oath of office to start his 15th term.

An Inauguration Ceremony for Shelton Mayor Mark A. Lauretti and other elected officials is held at the Shelton Senior Center in Shelton, Conn., on Tuesday Nov. 19, 2019. Lauretti took the oath of office to start his 15th term.

Christian Abraham / Hearst Connecticut Media

SHELTON — City taxpayers will learn what their financial fates may hold Thursday when Mayor Mark Lauretti presents his 2021-22 proposed budget.

Lauretti will make the presentation at 4 p.m. in the City Hall auditorium to the Board of Aldermen and the Board of Apportionment and Taxation. The meeting will also be streamed live on the city’s website. A schedule for budget review and approval will be released after the presentation.

The 2020-21 city budget stands at $128,182,039, with the mill rate 22.42. Last year, because of coronavirus pandemic shutdowns, the budget anticipated a tax collection rate of 98 percent and reduced the revenue estimate on motor vehicles by $200,000. It included $72,765,000 for education — the same figure given to the school district the previous year.

This year, the Board of Education has approved a 2021-22 budget request of $74,944,205 — a $2,179,205, or 2.99 percent — hike from the previous year.

Schools Superintendent Ken Saranich said his budget proposal will maintain current staff and services while meeting necessary contractual obligations. The reductions, he said, will not impact on the district’s offerings but will reduce capital requests that would have gone to the city.

brian.gioiele@hearstmediact.com