NORWICH – Tax rates may lower in 2007 for Town of Norwich residents.

The $1.34 million preliminary budget was proposed Nov. 9 public hearing and residents were given the chance to respond and discuss the spending plan.

The town’s budget as indicated would include $294,460 in the general fund, a decrease of $44,300 from the 2006 budget. Highway spending would decrease by $16,000 to $398,294.

Norwich’s proposed highway tax rate would see a decrease of approximately 11 cents per $1,000 of assessed value. Town revenue has increased nearly $7 million this year. The town experienced almost continuous growth of new business in 2006, enabling it to upgrade the water system just south of the city.

“We are pleased about the new budget. We are cautious, but excited,” Supervisor David C. Law, R-Norwich, said.