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WEST HAVEN, Feb. 7, 2019 — Mayor Nancy R. Rossi announced that the city’s grand list of taxable property has grown by $29.7 million, or 1.11 percent, for fiscal year 2018 over the 2017 valuation. The net grand list for 2018 is $2,683,128,089.
“The grand list increase signals economic growth that is critical to improving the long-term fiscal health of the city of West Haven,” Rossi said. “The grand list growth in 2018, although relatively small, is the largest increase in several years and will generate approximately $1 million in new revenue for the fiscal year 2020 budget, which will begin on July 1, 2019.”
Growth occurred across all three taxation districts. The 1st District (Center) grand list assessments increased by $8,867,365, or 1 percent; the 2nd District (West Shore) increased by $9,810,142, or 1 percent; and the 3rd District (Allingtown) increased by $11,008,865, or 2.1 percent.
Commercial personal property had the largest increase in the 2018 grand list, and the valuation for real estate and motor vehicles also grew significantly.
“This increase is good news for West Haven,” Rossi said. “Our continued focus on aggressively pursuing economic development will likely result in additional increases in the grand list in 2019 and beyond. The new construction on the Yale property on Route 34 and the expansion of the Allingtown revitalization are tangible evidence of our recovery.”
The mayor added: “We are making progress attracting new business to West Haven and encouraging current West Haven businesses to expand here. Though recovery is slow, we have a plan and are moving in the right direction.”