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Revenue by sourseCoventry council OKs $42 million budget for 2021-22

(4/10/2021 Yahoo Finance) - The Town Council on Monday unanimously approved a town and school budget of $42.423 million for the 2021-22 fiscal year, which equates to an increase in spending of $815,105 over this year's budget.

The proposed budget would require a local tax rate of 31.34 mills to fund it, an increase of 0.17 mills from the current tax rate of 31.17 mills. Residents and businesses in town would pay $31.34 for every $1,000 in assessed value of their property.