Critical Election Issues
A Most Important Election!
There are many issues facing Madison now and in the future.
The State of Connecticut is struggling to find ways to fund its massive state debt and ever-expanding budget and well-run towns like Madison are always a target for more revenue.
First Selectman Tom Banisch and the Republican members serving on Boards and Commissions remain always vigilant about how your tax money is spent.
Fiscal responsibility is at the core of our approach to our local challenges and ongoing programs.
Movement on all these issues can change quickly which is why you need to stay informed.
First Selectman Tom Banisch and the Republican Board of Selectmen have proposed a spending cap for capital expenses.
This spending cap is not supported by the Democrat Board of Selectmen.
Capital improvements in town are sometimes funded by debt (issuing bonds), and sometimes paid from the year’s budget, referred to as Pay-As-You-Go.
First Selectman Tom Banisch endorses changes to adjust the Pay-As-You-Go to stabilize our taxes, preventing huge swings as one project requires funding or the bonds of another project kick in.
Tom has proposed limiting the capital expenditures so that the capital expenses do not exceed 10% of the town’s budget.
Recognizing this expert management, Moody’s awarded the town a Aaa bond rating. Madison is only one of 12 municipalities in our state with this outstanding rating.
Moody’s also indicated that increasing town spending in excess of the 10% limit will put our rating at risk, and cause our borrowing rates to increase.
New Construction and Taxes
We all want the newest schools and unlimited downtown community spaces, but as with our household budgets, we need to look at spending in totality.
Additional construction projects increase taxes – it’s just simple math.
Recent estimates from the Board of Education indicate that the cost of the proposed school reorganization could increase the taxes on a $400,000 home in Madison up to $1,200 per year.
Estimates for the downtown Academy Community Center are approximately $14 million for construction and over $1,000,000 per year in upkeep.
These projects would be in addition to the already approved $9 million for the downtown Scranton library expansion project.
The Republicans will ensure that these significant projects are considered and presented to the town in their entirety so that you can be informed when you are asked to vote.
More Taxes – This Time on Food, Beverages, and Restaurants
In addition to the .10 charge on shopping bags, Connecticut consumers can thank their Democratic leadership, and our own State Senator Cohen in Hartford for upcoming price increase on groceries.
Effective October 1st, a newly approved sales tax hike from 6.35% to 7.35% will be applied to a variety of popular food and drink items such as pizza, beer, ice cream, fruit juice, coffee, salad bar, bagged lettuce, and many prepared foods.
Academy School has been vacant for 15 years.
The Republican team is committed to the public participation process, to balance the development of this town asset while reducing the increased burden to our town budget and taxes.
The town of Madison is facing the prospect of multiple construction efforts and no one project can be examined without regard to the total package.
This grocery tax increase is in an addition to an increase in the restaurant tax from 6.35% to 7.35% which will also go into effect October 1st.
These are yet further examples of the harmful tax and spend policies by the Democrats that we must continue to fight here in Madison. We can’t allow them to harm our Madison economy the way they harm our state’s economic growth.
We need strong leaders in Madison who are looking out for Madison taxpayers.
Read the news coverage here:
Download the Policy Statement on the Sales and Use Tax on Meals
For years, the Board of Selectmen has been responsible for developing a town wide strategic plan.
First Selectman Tom Banisch gathered residents, town officials and staff to brainstorm ideas that will make sure we have a long term plan that protects everything we love about this town and ensure that it is available for the next generation.
Madison Republicans are committed to creating a plan that addresses our community and quality of life, education, town services, economic vibrancy, and our natural surroundings, including a coastal resiliency plan.