Monthly Archives: October 2015

Wilton Facts

The world has changed, Wilton must also

Wilton is currently on a fiscal path that is having a significant negative impact on its citizens. Wilton has become uncompetitive with neighboring towns due to high taxes, which has depressed housing prices, caused businesses to leave, and discouraged new families from choosing. Wilton.Supporting documentation for these facts (as of Oct 2015) can be found at: WiltonQuick facts Final

 Housing

  • Wilton median home prices have not recovered from highs. Neighboring towns have done much better (Source: Zillow). Compared to 2006/2007 peak.
    • Darien 100%
    • Westport 95%
    • Wilton 83%
  • Fairfield County losing wealthier potential buyers
    • UBS significant downsizing in Stamford
    • RBS significant downsizing in Stamford
    • GE considering leaving Fairfield
  • Significant losses for many current sellers will affect comparables

 Wilton Finances

  • Spending per person currently 4th highest in State
  • Growth in spending from 1996 to 2012, 3rd highest in State
  • Wilton Debt per Capita $3289 in 2013 18th highest in State. After MD and Comstock Debt per Capita will approximately double and move Wilton to #1.

 Miller-Driscoll Project

  • Cost escalated from $5M in 2006 to currently $50.2M
  • Enrollments have dropped by double digits and are projected by the state to drop by triple digits during the next 5 – 10 years
  • MD renovation design does not incorporate the significant declining enrollment. This disregard of enrollment projections from multiple private and state experts has led to a plan to demolish existing usable facilities and build new unneeded new classrooms.
  • Project as configured will result in empty classrooms for years to come. CT expects to lose population and 150 school districts are expected to have significantly lower enrollments. In 2025 Wilton Public Schools’ enrollment is projected to be 37% lower than in 2015.

SensibleWilton (SW) has raised these concerns but has been rebuffed by the Board of Selectmen, , Miller Driscoll Building Committee and Board of Finance. Nevertheless, our message has been heard by Wilton voters and every candidate for Wilton offices this election has acknowledged that high taxes and their consequences are key issues. SW will continue to be vigilant and work to ensure these issues are acted upon post election.