Town of Hamden's Financial Information
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The Budget Process
Starting in January of each year, the Mayor consults with each Town Department Head, such as the Police Chief, the Fire Chief and the Town Engineer, to determine their expected needs and potential revenue sources over the course of the next fiscal year. In addition, the Mayor collects information from the State of Connecticut to determine Hamden's likely share of available state grants. The Mayor also collects information from banking professionals about the Town's debt service and how much interest might be generated on the Town's fund balance, which is similar to a savings account for the Town.
Each piece of information is placed into a single line item within the operating budget and presented to the Legislative Council for consideration. This is called the Mayor's Proposed Budget and it is delivered to the Legislative Council each year in mid-march. According to the Town's Charter, the Mayor's Proposed Budget must be submitted no later than 105 days before the end of the fiscal year.
The Legislative Council, which is the Fiscal Authority according to Hamden's Town Charter, holds public hearings on the proposed budget prior to its deliberations. The Council then goes through several deliberation sessions and it questions Department Heads about the numbers in the Mayor's Proposed Budget then making any changes it feels necessary. Once the Legislative Council is satisfied with the budget, it is voted into effect by the Council members.
The Legislative Council has to adopt the Council Approved Budget by May 15th, which is 45 days before the end of the fiscal year. If the Council has not adopted a budget by May 15th, the mayor's Proposed Budget then goes into effect. The Mayor has the power to approve, veto or accept the entire Council Approved Budget within 15 days after the budget is adopted. The Legislative Council has the power to override the Mayor's veto with a 2/3 vote. After the budget goes into effect, only the Legislative Council has the authority to make changes to that budget.
Please find below a listing of the current and past budgets, budget proposals, offcial statements and audits:
Listing files in 'Town Financial Information'