Town of Wilton

TOWN GROWS, THRIVES WITHOUT TAX ON PROPERTY:

A part-time sheriff's deputy, new recreation fields and highway improvements are among the initiatives called for in Wilton's proposed $6.45 million budget for 2007.

For residents, the obvious highlight is the absence of local town taxes for the 24th straight year.

Fueled by strong sales tax revenues and a 2 percent spending increase, officials had little trouble preparing a budget that reflects Wilton's unprecedented run of financial success.

'We're in good shape,' said Supervisor Art Johnson. 'The economy in Saratoga County continues to be strong, which means more revenues for everyone. We try to be financially responsible with spending, yet provide the services people expect in a town like this.'
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As an indication of Wilton's strong fiscal condition, total assessed value went up $400 million (32 percent) from 2004 to 2006, according to figures released Thursday by assessor Marge Little. Assessed value (using 100 percent valuation figures) is now $1.6 billion, and retail firms in the Exit 15 Route 50 corridor account for 17 percent of this.
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Mortgage tax continues to be another strong revenue source with numerous residential projects getting under way. The town has gotten $800,000 in mortgage tax this year, about $250,000 more than projected.