741 Colonel Ledyard Highway

Ledyard, Connecticut 06339

TOWN OF LEDYARD

Finance Committee

Meeting Minutes

Chairman Gary St. Vil

Budget Work Session - Fiscal Year 2026/2027

Thursday, March 19, 2026

4:00 PM

Town Hall Annex Building - Hybrid

Format

In -Person: Council Chambers, Town Hall Annex Building

Remote Participation: Information Noted Below:

Join Zoom Meeting from your Computer, Smart Phone or Tablet:

https://ledyardct.zoom.us/j/87156355580?

pwd=N0HMIVs6GBEQUn1enZCuu5yO6jLOYc.1

Or by Audio Only: Telephone: +1 646 558 8656; Meeting ID: 871 5635 5580; Passcode:

308902

CALL TO ORDER

The Work Session was called to order by Committee Chairman Councilor Buhle at 4:00 p

Councilor Buhle welcomed all to the Video Conference Meeting; and he noted that the

remote meeting information for the Town Council Finance Committee Budget Work Session

and members of the Public to participate in this afternoon’s meeting was available on the

Agenda that was posted on the Town’s Website - Granicus/Legistar Meeting Portal.

II.

ROLL CALL

Jessica Buhle

Present:

Carmen Garcia-Irizarry

Tim Ryan

Excused:

In addition, the following were present:

Gary St. Vil Town Council Chairman

Fred Allyn III Mayor

Matthew Bonin Finance Director

Ian Stammel Assistant Finance Director

Christine Dias Director of Human Resources

Jennifer Reguin Board of Education Chairman

Roxanne Maher Administrative Assistant

III.

FISCAL YEAR 2026/2027 BUDGET WORK

Fiscal Year 2026/2027 Budget Update

Discussion regarding the proposed Fiscal Year 2026/2027 Budget as follows:

* Capital Additions

* Capital Reductions

* Operating Additions

* Operating Reductions

* Revenue Adjustments

Councilor Buhle stated the Finance Committee held Budget Work Sessions on March 5,

9, & 12, 2026 meeting with each of the Department Heads to review their proposed

Operational Budgets ad Capital Improvement Plan (CIP) Budgets line by line. She noted

that the Finance Committee asked questions during the Budget Work Sessions and

agreed to use this afternoon’s Budget Work Session to address the following:

· Capital Additions

· Capital Reductions

· Operating Additions

Operating Reductions

· Revenue Adjustments

Councilor Buhle stated although Councilor Ryan was not able to attend this afternoon’s

Budget Work Session that in his March 19, 2026 email he suggested beyond the edits

and updates the Finance Committee discussed during their previous Work Sessions he

suggested following Budget Adjustment:

Board of Education proposed Fiscal Year 2026/2027 Budget - Reduce the

$1,470,093 increase by $470,093 for a Board of Education Budget increase of

$1,000,000, providing for a new Board of Education Budget in the amount of

$41,462,242.

The Finance Committee reviewed their work to-date and by consensus agreed to the

Expenditure and Revenue Adjustments to the proposed Fiscal Year 2026/2027

Budget (see attached):

Expenditure Additions:

Total General Government Additions; $8,197

Total Board of Education Additions: $-0-

Expenditure Reductions:

Total General Government Reductions; $191,360

Total Board of Education Reductions : $-0-

Revenue Adjustments: ($183,161)

Fiscal Year 2026/2027 Proposed Budget With Adjustments 3/19/2026:

General Government: $31,878,334

Board of Education : $41,932,335

$31,695,171

$41,932,335

$73,627,506

TOTAL:

$73,810,669

Councilor Buhle stated that the Finance Committee would continue to discuss the proposed

Fiscal Year 2026/2027 Budget at their April 1, 2026 meeting. She explained that the

Committee would need to forward a proposed Budget to the Town Council for action at their

April 8, 2026 meeting in order to meet the schedule to present a preliminary Budget to the

residents at the April 21, 2026 Public Hearing.

Board of Education Fiscal Year 2026/2027 Budget

ADJOURNMENT

The Fiscal Year 2026/2027 Budget Work Session adjourned at 5:15 p.m.

Respectfully submitted,

Jessica Buhle.

Committee Chairman

Finance

Committee

DISCLAIMER: Although we try to be timely and accurate these are not official records of the

Town.