DERBY — Members of the Derby Board of Apportionment and Taxation could vote to adopt a preliminary budget Tuesday for the fiscal year starting July 1 and ending June 30, 2026.
The board is scheduled to meet in Derby City Hall starting at 6 p.m., April 7, according to an agenda posted April 6 to the Derby city website.
The public can also participate through the Zoom teleconferencing application. Click here for the agenda, which includes the Zoom info.
A public hearing on the preliminary budget will be scheduled after the board votes to formally adopt the preliminary budget.
Click here for the city’s meeting calendar.
Click here to read a summary of the budget.
The article continues after the agenda.
Right now the tax board is considering a $51.2 million budget with a mill rate of 38.86.
This year the budget is being put together using new assessments from a state-mandated revaluation of all properties.
About 60 percent of the city saw assessments increase. The new mill rate means that the average property tax bill will increase by .75 percent next year.
The Board of Aldermen & Alderwomen voted to phase in the assessments over five years.
Click here for the most recent Valley Indy budget story.
Press play on the video below to watch the most recent Derby tax board meeting.