The board of finance of the Town of Old Lyme will conduct a Public Hearing on the proposed town budget of $34,756,641 for the 2013-14 financial year on Monday, April 20, at 7:30 p.m. in the Meeting Hall of the Old Lyme Memorial Town Hall, 52 Lyme Street, Old Lyme.

If the budget were approved, the tax rate would rise to 20.62 mils from the current 19.66 mils.

The general government segment of the proposed budget is $8,736,432, reflecting a 6.8 percent increase.

The proposed capital improvement budget is $1,006,129, up 30.6 percent over the current $698,635 figure.