There will be a public hearing about the 2015-16 city and school budgets Wednesday, April 1, starting at 7 p.m. at Milford City Hall.
This is the next big step in the budget process. It gives city residents a chance to comment on the city and school spending proposals.
What’s happened so far
On March 4, the Board of Finance cut $100,000 from the school board’s budget proposal and about $1,000 from the city budget plan.
As it stands now, the 2015-16 budget would raise taxes by $144 on the typical house with a market value of $311,070.
Several finance board members praised the school board for its budget proposal when they did their review. The school board asked for a 2.13% increase, from $89.21 million to $91.11 million. The finance board trimmed that to $91.01 million, putting the requested increase at 2%.
The mayor requested $111.17 million on the city side of the budget, which the finance board left virtually untouched. That marks a 1.87% increase over the current spending plan.
Altogether, the city and school budgets total $202.18 million, which is an increase of $3.8 million over the current year, or a 1.94% increase.
Under the plan, the current mill rate would go from 27.22 mills to 27.88 mills, which is an increase of .66 mills, or a 2.4% mill increase, according to Finance Director Peter Erodici Jr.
What’s next
After this week’s public hearing, the aldermen will begin reviewing the individual department requests and may vote as early as May 6 on the 2015-16 spending plan.