HISTORIC MILFORD TAX CUT BUDGET REDUCES TAXES FOR RESIDENTS AND BUSINESSES
For only the second time in the past 30 years, Milford taxpayers will see a decrease in the amount of money they pay locally, as the Board of Aldermen adopted a new City budget last night that reduces taxes for fiscal year 2016-2017. Milford’s mill rate, already far less than any of the neighboring communities, was reduced even further from 27.88 mills to 27.84 mills, thereby cutting taxes for both residents and businesses.
Each year, the City of Milford develops a budget which protects our community’s core values by ensuring our public safety departments operate at optimal levels, our public infrastructure is properly maintained, our social safety network is robust, and our schools are exceptional. At the same time, each department is challenged to hold the line on spending and streamline the approach by which services are delivered – guaranteeing that Milford City Government will be more efficient and productive than ever before.
According to Mayor Ben Blake, “we have reduced the costs of operations through thrift. In spite of health care costs, pension contributions, debt service, and contractual wage obligations, Milford has worked hard to mitigate our liabilities while expanding the funding side of the budget with new, non-taxpayer sources of revenue. I am proud of Milford’s conservative budget approach and happy that we are able to deliver this historic tax cut while continuing to provide such extraordinary services to our residents.”
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