Residents are invited to comment on the city and school budget proposals for 2015-16 tonight (Wednesday, Feb. 4) at the Board of Finance public hearing, scheduled for 7 p.m. at Milford City Hall.

Residents will have a chance to comment on the mayor’s budget plan, and then the Board of Education spending plan.

The plans

Taxes next year on the average Milford home with a market value of $311,000 are expected to go up about $150 under the 2015-16 proposed budget as it currently stands.

The budget hasn't been approved yet, but so far the school board is asking for a 2.13% increase, from $89.21 million to $91.11 million.

Mayor Ben Blake presented his spending plan to the local media Monday, calling for a 1.9% increase in spending on the city side of the budget, from $109.12 million to $111.17 million in 2015-16.

Dollarwise, that means the school system is asking for an additional $1.9 million, and the city is asking for an additional $2 million. Combined, the city and schools are looking for an additional $3.9 million, from the current $198.34 million to $202.28 million, which is less than a 2% increase.

Budget process

The finance board will review individual department requests during February, and is scheduled to vote on the plan March 4. After the finance board votes on a recommended budget, the spending plan will move to the Board of Aldermen for another public hearing and additional department reviews.

The aldermen vote on a new budget and set a new mill rate in May.