Wednesday, March 7, 2012

Milford Budget Vote

Join me tonight for live coverage of the Milford Board of Finance vote on the city's proposed spending package of about $186 million for fiscal year 2012-13.

The meeting begins at 6:30 p.m.

Mayor Ben Blake said today it’s still unclear whether residents will have their taxes slightly increase next year, but the budget increase continues to shrink. Blake said in February he was projecting a $186 million budget for the 2012-13 fiscal year, which would have increased spending by 1.82 percent. But the budget has dropped by $500,000 and spending will increase by just 1.55 percent next year, and that number is likely to drop even more over the coming months, Blake said.
When asked about a tax increase Blake said “I still don’t know.” The current city budget is $183.53 million. The school board approved an $86.88 million budget for 2012-13 in January, which increased spending by $1.42 million or a 1.66 percent increase. Blake’s $99 million proposed city budget for 2012-13 increases spending by $1.91 million or a 1.7 percent increase.

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