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Board of Finance approves series of city department budgets, sets mill rate at 28.57 mills
Summary
After approving the Board of Education budget, the Milford Board of Finance approved grouped motions covering most city departments, enterprise fund revenues and expenditures, and set current-year taxes at $235,926,178—bringing the total general fund to $278,267,615 and producing a mill rate of 28.57 mills.
The Milford Board of Finance approved a sequence of motions to adopt department budgets and enterprise fund totals recommended by the mayor and later approved current-year taxes that produce a total general fund of $278,267,615 and a mill rate of 28.57 mills.
Across the meeting the board took grouped votes to approve sets of departments (board of aldermen and elections through board of finance), technical edits to permitting and land use, personnel and benefits adjustments, and standalone approvals for police and fire. Lauren repeatedly moved motions to approve departments as recommended; the Chair and other members seconded and routinely approved the items without recorded opposition.
Key numbers and votes: the sewer fund revenue was approved at $10,349,427; Harbor Management Commission expenditures and revenues (and Marina enterprise) were approved at $438,362; the golf course expenditure and revenue were each approved at $140,000. The board also approved benefit and salary reserve technical edits, including an adjustment of $1,563,267 under other wage adjustments and an education health insurance contribution total of $24,089,432.
Budget totals and tax vote: The board approved general fund revenues (excluding current-year taxes) at $42,341,437, then moved and approved current year taxes of $235,926,178, bringing general fund revenue to $278,267,615. Peter told the board, “the mill rate based on the amount you approved for the total budget would be 28.57 mills,” explaining the calculation assumes a five-year phase-in of the real estate portion of the grand list.
Why it matters: Those revenue and departmental approvals complete the Board of Finance’s recommended totals and determine the fiscal framework that will guide municipal operations, staffing and services for the coming year.
What’s next: With the votes concluded the board paused to allow staff to complete the mill-rate calculation and then adjourned the budget hearing. The board asked staff to finalize figures as part of the implementation and mill-rate notification process.
Ending: The board adjourned following the final approval and thanked staff and members for their work.
