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Stamford reports $18 million budget surplus

The current year’s property tax levy is being collected at a 97.5% rate, far higher than the anticipated 93.9%, while building permit revenue was $5.7 million more than budgeted, and conveyance tax revenue was $6.3 million more than budgeted.

Stamford wrestling with unions to finalize budget that needs $32.2M cut

According to Arthur Augustyn, a spokesman for Mayor David Martin, the city needs to cut about $32.2 million from Martin’s $630 proposed budget in order to maintain its mill rate and not increase taxes for Fiscal Year 2020-21.