The Board of Finance normally meets on the second Wednesday of every month. Meetings are held at the Town Hall Auditorium, 15 Rope Ferry Road at 7:00 pm.
During the annual budget process, the Board of Finance conducts many budget review meetings, as well as, a budget public hearing to provide a thorough review and public input on the proposed budgets by the Boards of Selectmen and Education.
The Board of Finance welcomes public attendance at all of their meetings. The Board of Finance consists of seven elected members and its duties and responsibilities are carried out in accordance with Connecticut State Statutes Chapter 106, Sections 7-340:349. In accordance with State Statutes the Board is specifically responsible for:
1. Preparing the town budget. 2. Setting the property mill tax rate. 3. Approving special appropriations and department transfers. 4. Arranging for an annual audit of town accounts. 5. Publishing the annual town report.
The Board of Finance is responsible for managing the town’s budget, working closely with the Finance Department and other town departments with budget preparation, and monitoring both income and expenses throughout the fiscal year.