Finance board holds technical discussion on city budget plan tonight
The Board of Finance will hold its technical discussion on Milford's 2016-17 budget proposal tonight at 6:30 p.m. at the Parsons Government Center.
The technical discussion of the budget proposal sometimes provides insight into how the finance board members are leaning as they prepare to vote on the budget.
The finance board is scheduled to vote on the 2016-17 spending plan next week: March 2, starting at 6:30 p.m. at the Parsons Center.
The finance board began reviewing city and school budget proposals several weeks ago in preparation for their vote. After the finance board votes, the budget plan will then move to the Board of Aldermen for another round of review.
There’s a chance Milford residents will see no tax increase with the new budget, Mayor Ben Blake said when he unveiled his 2016-17 spending plan on Feb. 1.
The Board of Education’s proposed budget carries less than a 1% increase for 2016-17. The mayor’s plan carries a 1.9% spending increase. Together, the proposed budget for 2016-17 is $205,126,893, up $2,946,221 from the current $202,180,672, or 1.46%.
But Blake has said he anticipates that increased revenue, including a higher grand list and state grants, will offset that spending increase and result in no tax hike for residents.
When he presented his spending plan to the local media at the beginning of the month, Blake said the combined city and school budgets represent the lowest spending increase in the last decade.
Thursday’s technical discussion on the budget proposal will take place in Conference Room B of the Parsons Government Center.