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Milford board adopts amended five-year forecast; approves refunding bonds to save taxpayers about $2 million
Summary
At its May 15 meeting the Milford Exempted Village Board of Education approved an amended five‑year forecast showing improved deficit projections, discussed state funding risks, and adopted a resolution authorizing refunding of general obligation bonds expected to save roughly $2 million.
The Milford Exempted Village Board of Education on May 15 approved an amended five‑year financial forecast that narrows the district’s projected deficit and adopted a resolution to issue unlimited tax general obligation refunding bonds intended to save taxpayers about $2 million.
Board Treasurer Michael Ackerman said the district’s amended forecast for fiscal 2025 shows an improved position after a twice‑yearly property tax settlement. “Last month we were at negative $11 million. Because we have received our property tax settlement … it shows…
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