During a recent government meeting in Simsbury, residents expressed growing concerns over rising property taxes and the impact on local housing affordability. Joan Coe highlighted that the increased tax burden and high mill rate have rendered Simsbury noncompetitive in the housing market, particularly as rental apartments proliferate, potentially diminishing the value of owned homes.
Laurie Boyko, a long-time resident, shared her personal struggles with property taxes, which now exceed her mortgage payments. She emphasized that the current tax system penalizes homeowners for renovations and unrealized gains, arguing that it undermines the concept of homeownership. Boyko urged the Board of Finance to implement a freeze on tax increases and to cut budgets across various departments, citing examples of what she deemed unnecessary spending.
Boyko pointed out that the library's anticipated savings of $20,000 could lead to further expenditures rather than fiscal restraint. She also criticized the social services budget, noting that a significant portion is allocated to salaries, and raised concerns about a $77,000 surplus loss in the Board of Education due to hiring missteps.
The meeting also included updates on social security increases and ongoing work by the housing policy board, which is reviewing 54 policies to address local housing issues. The discussions reflect a community grappling with financial pressures and a call for more responsible fiscal management from local government entities.