Residents can comment on budget plan at Wednesday public hearing
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.
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.