FY 09 BUDGET HIGHLIGHTS

The proposed tax rate increase is estimated to be 2.85%, the smallest increase in the past ten years.

Individual increases will vary up or down from this rate due to revaluation.

The Town’s General Fund is targeted to have an ending balance equal to 11.6% of revenues, leaving a cushion against the possible effects of the economic downturn. Exceeds Board of Finance’s goal of 10%.

The Town continues to pay down debt. Outstanding debt reduced by $10 million over past eight years.

Moody’s reaffirms Wilton’s AAA bond rating.

FY 09 SIGNIFICANT EXPENDITURE ITEMS

Higher energy prices.

Increased contributions to Pension Plan due to unfunded liability.

Expansion of technology capabilities at Schools and Town.

Increased funding for Special Education

Increased funding for non-governmental organizations.

Increased Transfer Station subsidy due to expiration of current contract.

FY 2009 BUDGET SUMMARY(Amounts in Thousands)

FY 08 ADOPTED BUDGET

FY 09 RECOMMENDED

% FROM 08

ADOPTED

Education $64,593 $68,658 6.3%

Selectmen’s Operating & Capital 27,455 28,755 4.7%

Debt Service 9,020 9,106 .9%

Charter Authority 1,011 1,065 5.4%

Tax Relief for Elderly & Disabled 600 615 2.5%

TOTAL OPERATING REQUIREMENTS 102,678 108,198 5.4%

Non-tax Revenue (7,445) (7,229) (2.9)%

Drawdown of previous year’s ending fund balance (3,919) (5,672) 44.7%

TOTAL TO BE FUNDED FROM PROPERTY TAX $91,314 $ 95,297 4.4%

FY 2009 PRELIMINARY MILL RATE(Amounts in Thousands)

FY 08 ADOPTED BUDGET

FY 09 REQUESTS

% FROM 08 ADOPTED

Property Tax Revenue Required $91,314 $ 95,297 4.4%

Grand List at 99% collection rate $3,767,889 $4,934,532 31.0%

Required Mill Rate 24.23 19.31 (20.3)%

FY 08 Net Taxable Grand List increased by FY’s 04-08 Avg. of 1.5% $3,863,037

Mill rate to fund FY 09 Requirement 24.92

Increase over FY 08 2.85%

3.1%

7.6%

8.5%

6.5%

8.5%

6.9%

5.0%

3.7%3.6%

2.9%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

00 01 02 03 04 05 06 07 08 09

% CHANGES IN MILL RATESFY’s 04 & 09“Normalized”

MILL RATE % CHANGES IN NEIGHBORING TOWNS

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

EASTON

MONROE

NEW C

ANAAN

NEWTOW

N

RIDGEFIE

LD

TRUMBULL

WESTON

WESTPORT

WIL

TON

PROPERTY REVALUATIONS10/01/07 REVALUATION

(Amounts in Millions)Net Taxable Grand List

Valuation* % of Total % from 02

Residential $3,962 79.5% 38.6%

Commercial 655 13.1 44.7

Motor Veh. 191 3.8 11.7

All Other 176 3.5 60.8

Total $4,984 100.0% 38.6%

* Preliminary, subject to final action by Board of Assessment Appeals

RESIDENTIAL PROPERTY REVALUATIONS10/01/07 REVALUATION

(Amounts in Millions)Net Taxable Grand List

Valuation* % of Total % from 02

Land $2,170 43.6% 62.3%

Buildings 1,792 35.9% 17.7%

Total $3,962 79.5% 38.6%

* Preliminary, subject to final action by Board of Assessment Appeals

FY 08 24.23 Mills FY 09 19.31 Mills % ’s

ASSM’T TAXES ASSM’T TAXES ASSM’T TAXES

1 $2,490 $60.3 $2,853 $55.1 14.6 (8.7)

2 4,055 98.3 4,032 77.9 (0.6) (20.8)

3 1,900 46.0 2,232 43.1 17.4 (6.4)

4 121 2.9 164 3.2 36.0 8.4

5 237 5.7 413 7.9 74.5 39.1

6 570 13.8 725 14.0 27.3 1.4

7 275 6.7 400 7.7 45.4 15.9

8 228 5.5 300 5.8 31.9 5.1

9 284 6.9 404 7.8 42.3 13.4

FY 08 VS FY 09 REAL ESTATE ASSESSMENTS AND TAXES$000’s

FISCAL YEAR GRAND LIST YEAR%

CHANGE

2000 10/01/98 2.1%

2001 10/01/99 1.8%

2002 10/01/00 3.1%

2003 10/01/01 2.4%

2004 10/01/02* 2.4%

2005 10/01/03 1.6%

2006 10/01/04 1.5%

2007 10/01/05 1.8%

2008 10/01/06 1.1%

2009 10/01/07* 1.5%

* REVALUATION YEARS ARE “NORMALIZED”

NET TAXABLE GRAND LIST % CHANGES

TOWN OF WILTONPROPOSED FY 09 BUDGET DISTRIBUTION

(All categories include capital expenditures)

$107.6 million

DEBT SERVICE8.5%

EDUCATION63.8%

PUBLIC WORKS3.5%

PUBLIC SAFETY10.7%

PUBLIC /PRIVATE

2.3%

ALL OTHER11.2%

• PARKS & REC., N&HC, SOC. SERV, LAND USE, TOWN CLERK, FIN. , ETC.

BUDGET % CHANGES OVER TIME

FY 08 TO

FY 09

FY 05 TO

FY 09

FY 00 TO

FY 09BOARD OF EDUCATION 6.3% 32.5% 103.8%

BOARD OF SELECTMEN 4.7% 36.2% 74.9%

DEBT SERVICE 0.9% (3.1)% 66.2%

TOTAL GENERAL FUND 5.4% 29.4% 91.0%

DEBT PRINCIPAL OUTSTANDING ON EXISTING BONDSAT JUNE 30

(MILLIONS)

77 7567

55

74

21

32

43

$0

$10

$20

$30

$40

$50

$60

$70

$80

12.1%13.1%

13.9%

12.2%11.2%

9.9% 9.5% 9.2% 8.9%

0%

2%

4%

6%

8%

10%

12%

14%

01 02 03 04 05 06 07 08 09

DEBT SERVICE AS A % OF REVENUE

ACTUAL FOR FY’s 01-07

DEBT SERVICE ON OUTSTANDING DEBT(IN MILLIONS)

$0$1$2$3$4$5$6$7$8$9

$10

04 05 06 07 08 09 10 11 12 13

CONNECTICUT MUNICIPAL REVENUES

0%10%20%30%40%50%60%70%80%90%

100%

PROPERTY TAXES

STATE AVG. WILTON