NORWICH – The City of Norwich recently proposed its 2020 budget with a zero percent tax increase and $4 million fund balance.

According to City of Norwich Ward 1 Alderman Matthew Caldwell, there aren’t too many changes in the budget this year, besides the increased fund balance.

The proposed budget shows the grand total for costs at $12,221,313. It includes $8,479,196 in the city’s General Fund, $1,589,251 in the Water Fund, $1,131,400 in the Wastewater Fund, $863,166 in the Debt Service Fund, and $158,300 in the Special Grants Fund.

Those costs would be paid for using $8,893,866 from estimated revenues excluding property taxes, $3,345,547 from property taxes, and $18,100 from the city’s appropriated fund balance.

“I’ve done four budgets so far for the City of Norwich, and from what I’ve seen during that time – I'm happiest with this one,” said Caldwell. “I have to give a lot of credit to Ward 5 Alderman Dave Zieno, he’s really worked to keep a close eye on our fund balance and ensure that it remains at an acceptable level.”