Good News for Trumbull’s Budget

 

At a time when municipal budgets across the state are challenged by shrinking revenues, The Residences at Main will create a real property value of almost $50 Million and Personal Property Value of $7.3 Million. This translates to approximately $1.2 million in real property tax. Even after consideration of new municipal expenses and the cost to educate the estimated 27 school-age children anticipated to live in the community, the direct benefit to Trumbull will be nearly $900,000 of net positive municipal revenue generated. Click here to learn how the number of school age children was calculated.