Wilton Board of Finance

By Town Charter, the Board of Finance consists of six elected members. Its primary function is to recommend a budget and a mill rate to the Annual Town Meeting. The Board of Finance also has the power to designate the external auditor and to approve supplemental appropriations upon the request of the Board of Selectmen or the Board of Education. The Board also must review bonding proposals prior to consideration by the Town Meeting. Connecticut General Statutes also grant certain powers, such as approving investments of Town funds. In fulfilling its Charter and statutory responsibilities, the Board of Finance exercises oversight of the Town’s finances. By ordinances the Board also appoints one trustee to the Wilton Employees Retirement Trust and one trustee to the Other Post-employment Benefits Trust for Employees of the Town and Board of Education. The Board also appoints one of its members to the Retirement Trust Investment Committee.