Representative Town Meeting Budget Hearing and Special Meeting Day 4 FINAL (linked)

ONIGNN4 YSHLO
JONVIVE GNNJ GALVNOISIGNN YND
ONIONVNIA L840 Waal SNOT GNV LYOHS
“ONIMYNOAYNON 8 TWLIdVD OL YAASNVUL
GNN4 JONVNALNIVIN IWLIidVd YAMIS/LIOGN| ALNILA
SLNAWAAOUdWI TVLIdVD YVAA LNAYYND
“SADUNOS ONIGNN4 OL X3GNI
NmMsrTnNnor CO
T
oo'o00’ses ——[o0'000‘00T _—[o0'o00‘00t —_—[oo'o00‘00t ~—_—foo'o00’00t —_—[o0'o00‘szt SIVLOL
00°000‘S7S_—_ |000‘00T 000‘00T 000‘00T 000‘00T 000‘SZT € uorenjenry!
LOL Og0¢-6z0z | 6z0z-8z0z | 8z0z-cz0z | Lz0z-9z0z | 9zOz-szoz | 3DYNOS JINWN 193f0ud ALINOId
YWIA TW9SId | YV3ATWISI | YVIATVOSIY | YV3ATWISIY | YW3ATWISId | ONIGNNS 1d3q
reessieed :ADNAOV /LNAINLYWdaG
O€0C-9202 Ad INYOA NOILVGMOSNOD 1D3fOud
NV1d LNAWAAOddWII 1WLidVd
GuOdIvsLVM JO NMOL

TOWN OF WATERFORD
CAPITAL PROJECT REQUEST FORM
2025-2026 FISCAL YEAR REQUEST
DEPARTMENT/AGENCY CONTACT PERSON
ASSESSOR PAIGE WALTON
PROJECT NAME DEPARTMENT PRIORITY
REVALUATION 
1
1 |DESCRIPTION AND JUSTIFICATION (describe the type, purpose & anticipated accomplishments of the project)
State mandated town-wide revaluation of all real property to include the special use property fee appraisal of Dominion
Nuclear Power Plant. Effective with the 10/1/2023 Grand List, Section 7 of Public Act 22-74, five Revaluation Zones and a
new five-year revaluation schedule has been instituted, redistributing the number of revbaluations to be performed
annually. the project is undertaken to remain compliant with Connecticut law and to insure uniformity in real property
valuations. Funding requested annually for Waterford's next three mandated revaluations, scheduled for October 2026,
2029 & 2034.
2 |PROJECT STATUS IF IN PROGRESS
2022 Revaluation completed. RFP for 2026 revaluation anticipated Spring 2025.
LIST OTHER PROJECTS WITHIN YOUR DEPARTMENT OR ANOTHER DEPARTMENT THAT WILL BE IMPACTED BY THIS
3 |REQUEST
N/A
4 |DESCRIBE THE IMPACT ON DEPARTMENT OPERATING BUDGET (include cost estimate if applicable)
N/A
GRANT FUNDING/OTHER FUNDING, if applicable (detailed explanation of grant/other funding, including the amount,
5 |source of funding, status, town match, if any. Attach award letter if available)
N/A
ATTACH PLAN ESTIMATE, SERVICE AREA MAP AND/OR OTHER SUPPORTING DOCUMENTATION (if none, simply state that
6 |in the area below)
2026 Revaluation will be an update - current average cost = $25/per parcel. Waterford parcel count =9300
7 COST/FUNDING SOURCE
APPROVED
FUNDING TO
FUNDING SOURCE DATE FY2026 FY2027 FY2028 FY2029 FY2030
1 |Current Year Capital
2 |Utility Budget/Sewer Cap Maint Fund
3 |Transfer to CNR 125,000 100,000 100,000 100,000 100,000
4 |Short/Long-term Bonds
5 |LoCIP (detail in section 5 above)
6 |CNR Undesignated Fund Balance
Federal/State Grants (detail in section
7 {5)
Other Funding (detail in section 5
8 |above)
TOTALS 0 125,000 100,000 100,000 100,000 100,000