FY 09 BUDGET HIGHLIGHTS The proposed tax rate increase is estimated to be 2.85%, the smallest increase in the past ten years. Individual increases will vary up or down from this rate due to revaluation. The Town’s General Fund is targeted to have an ending balance equal to 11.6% of revenues, leaving a cushion against the possible effects of the economic downturn. Exceeds Board of Finance’s goal of 10%. The Town continues to pay down debt. Outstanding debt reduced by $10 million over past eight years. Moody’s reaffirms Wilton’s AAA bond rating.

FY 09 SIGNIFICANT EXPENDITURE ITEMS Higher energy prices. Increased contributions to Pension Plan due to unfunded liability. Expansion of technology capabilities at Schools and Town. Increased funding for Special Education Increased funding for non-governmental organizations. Increased Transfer Station subsidy due to expiration of current contract.

FY 2009 BUDGET SUMMARY (Amounts in Thousands) FY 08 ADOPTED BUDGET FY 09 RECOMMENDED %  FROM 08 ADOPTED Education$64,593$68,6586.3% Selectmen’s Operating & Capital27,45528,7554.7% Debt Service9,0209,106.9% Charter Authority1,0111,0655.4% Tax Relief for Elderly & Disabled % TOTAL OPERATING REQUIREMENTS102,678108,1985.4% Non-tax Revenue(7,445)(7,229)(2.9)% Drawdown of previous year’s ending fund balance (3,919)(5,672)44.7% TOTAL TO BE FUNDED FROM PROPERTY TAX $91,314$ 95,2974.4%

FY 2009 PRELIMINARY MILL RATE (Amounts in Thousands) FY 08 ADOPTED BUDGET FY 09 REQUESTS %  FROM 08 ADOPTED Property Tax Revenue Required$91,314$ 95,2974.4% Grand List at 99% collection rate$3,767,889$4,934, % Required Mill Rate (20.3)% FY 08 Net Taxable Grand List increased by FY’s Avg. of 1.5% $3,863,037 Mill rate to fund FY 09 Requirement24.92 Increase over FY %

% CHANGES IN MILL RATES FY’s 04 & 09“Normalized”

MILL RATE % CHANGES IN NEIGHBORING TOWNS

PROPERTY REVALUATIONS 10/01/07 REVALUATION (Amounts in Millions) Net Taxable Grand List Valuation*% of Total %  from 02 Residential$3, %38.6% Commercial Motor Veh All Other Total$4, %38.6% * Preliminary, subject to final action by Board of Assessment Appeals

RESIDENTIAL PROPERTY REVALUATIONS 10/01/07 REVALUATION (Amounts in Millions) Net Taxable Grand List Valuation*% of Total %  from 02 Land$2, %62.3% Buildings1, %17.7% Total$3, %38.6% * Preliminary, subject to final action by Board of Assessment Appeals

FY MillsFY Mills %  ’s ASSM’TTAXESASSM’TTAXESASSM’TTAXES 1 $2,490$60.3$2,853$ (8.7) 2 4, , (0.6)(20.8) 3 1, , (6.4) FY 08 VS FY 09 REAL ESTATE ASSESSMENTS AND TAXES $000’s

FISCAL YEARGRAND LIST YEAR % CHANGE /01/982.1% /01/991.8% /01/003.1% /01/012.4% /01/02*2.4% /01/031.6% /01/041.5% /01/051.8% /01/061.1% /01/07*1.5% * REVALUATION YEARS ARE “NORMALIZED” NET TAXABLE GRAND LIST % CHANGES

TOWN OF WILTON PROPOSED FY 09 BUDGET DISTRIBUTION (All categories include capital expenditures) $107.6 million PARKS & REC., N&HC, SOC. SERV, LAND USE, TOWN CLERK, FIN., ETC.

BUDGET % CHANGES OVER TIME FY 08 TO FY 09 FY 05 TO FY 09 FY 00 TO FY 09 BOARD OF EDUCATION 6.3%32.5%103.8% BOARD OF SELECTMEN 4.7%36.2%74.9% DEBT SERVICE 0.9%(3.1)%66.2% TOTAL GENERAL FUND 5.4%29.4%91.0%

DEBT PRINCIPAL OUTSTANDING ON EXISTING BONDS AT JUNE 30 (MILLIONS)

ACTUAL FOR FY’s 01-07

DEBT SERVICE ON OUTSTANDING DEBT (IN MILLIONS)

INCREASE IN FY 08 GENERAL FUND BALANCE (Amounts in thousands) Rev. FY 08 Budget FY 08 Est. / Actual Variance Beginning fund balance$ 16,753$ 19,169$ 2,416 Revenue98,16099,7151,555 Expenditures103,313101,6131,700 Operating result(5,153)(1,898)3,255 Ending fund balance11,60017,2715,671

ENDING FUND BALANCE Est. 6/30/07 at FY 08 Budget Adoption $ 15,519 Variance of 6/30/07 Actual vs. Est. 3,650 Drawdown to finance FY 08 (incl. encumbrance and capital carryovers) (5,153) FY 08 EST. POSITIVE (NEGATIVE) BUDGET VARIANCES Taxes409 Education grants 1,136 Interest(240) All other revenue 116 BOE expenditures 236 BOS expenditures 447 Charter Authority & Debt Service 816 Total FY 08 Est. Budget Variance 2,920 Est. 6/30/08 Fund Balance $ 16,936 FY 09 drawdown (4,836) Est. 6/30/09 fund balance $ 12,100

PROPOSED BONDED CAPITAL PROJECTS FY’s (000’s) BOARD OF SELECTMENFY 09FY 10FY 11FY 12FY 13Totals Open Space Acquisition - 2,100 Town Hall Complex 2905, Comstock 13,500 Ambler Farm 500 Fire Apparatus 660 TOTAL BOARD OF SELECTMEN --$14,000$2,390--$6,160$22,550

PROPOSED BONDED CAPITAL PROJECTS FY’s (000’s) FY 09FY 10FY 11FY 12FY 13Totals BOARD OF EDUCATION High School Restroom Refurbishment400 Field House Roof500 High School HVAC & Electric Upgrades, Science Rooms, Little Theater (Estimate) 2 24,000 High School Architect Miller Driscoll Special Ed. Expansion 7,500 Miller Driscoll Skylights & Windows Miller Driscoll Steel Siding Replacement 1,000 Miller Driscoll Roof 1,200 Middlebrook Roof1,500 Other Middlebrook Impr. 640 Total Board of Education$24,950$8,940$2,500$400$1,200$38,990 GRAND TOTAL$24,950$22,940$4,890$400$7,360$60,540 1 $450 at Annual Town Meeting, 2 $ at a Special Town Meeting

PENSION PLAN FUNDING STATUS FY’S (ACTUARIAL VALUES IN MILLIONS) ($10.5)

TEN YEAR HISTORY OF GENERAL FUND BALANCES (Amounts in millions) FYAMOUNT% OF REVENUE 992,7425.1% 003,0345.3% 012,8594.5% 022,3943.5% 033,3134.4% 045,5927.0% 059, % 0615, % 07 19, % 08 est. 17, % GAAP basis for FY’s 99 – ’07. Budget basis for FY ‘08

CONNECTICUT MUNICIPAL REVENUES

FY ’09 DEBT SERVICE BY PURPOSE TOTAL = $9 mil.