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Formula
for Growth
Shelton is strategically located within 250 miles of one-third of the
U.S. population and at the crossroads of international trade routes. Its
proximity to major airports and transportation arteries, make it the ideal
location for companies of all sizes, regardless of their individual needs.
With most of its commercial growth concentrated in a 1,000 acre area,
there is more than 3 million square feet of Class A office space, five
first class hotels, several fine restaurants, extensive support services
and several hundred thousand square feet of manufacturing, distribution
and retail space.
Taxes
In May 2005 the Board of Aldermen approved a $92 million 2005-2006
budget. The tax rate for 2005-2006 is 23.59 mills. A mill generates
$1 for every $1,000 of assessed property value. Shelton has continually
maintained one of the lowest tax rates in the area while maintaining
high quality city services.
Grand List
Shelton’s Grand List of taxable property rose by 1.8% in 2004. The
City’s Grand list has shown a steady growth with a 63.4% increase
over the past 12 years. This continued growth in the Grand List is
key to Shelton’s
future. It keeps taxes stable and affordable while providing adequate
money for a superior level of community service.
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