Fairfield's Grand List Growth
- Michael Tetreau
Vistage Chair & Executive Coach for SMB CEOs | Building Peer Advisory Groups That Drive Leadership Excellence & Business Growth | Expert in Operational Excellence & Continuous Improvement
Fairfield’s Grand List Growth in 2018
This year’s report on the Grand List growth continues the upward trend. The increase is just under .5 percent. This clearly shows that we need to focus on increasing our commercial component by zoning enhancements to create more revenue growth. Our residential zones are mostly built out and will not provide significant new revenue. Our current commercial zones total 4.5 % of our land area but ten percent of our tax revenue. A strategic increase in our commercial zone could have a major tax benefit to all residents.
It is important that any changes to our Commercial Zoning be strategic and targeted. It is critical to our town that we preserve the charm and character in our neighbors from Southport to Stratfield to Greenfield Hill, our historic districts and our downtown.