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New Milford council adopts municipal budget after auditoroverview cites pension, health and debt pressures
Summary
The Borough of New Milford adopted its municipal budget following a brief public hearing and an auditoroverview that said rising pension, health and debt-service costs drove a 3.28% spending increase and an average municipal-tax rise of about $199 for the typical revalued home.
The Borough of New Milford on Thursday adopted its municipal budget after a public hearing and a presentation by municipal auditor Steve Wilcox.
Wilcox told the council that 2025 has been one of the most difficult years for municipal budgets in his 46 years of practice, driven by higher pension and health costs and rising interest rates. "Spending's up 3.28%," he said, and listed major budget drivers: approximately $195,000 for pension costs, $171,520 for health insurance, $133,000 for workers' compensation and liability insurance,…
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