$98.69M budget proposed in New Milford

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New Milford Mayor Pat Murphy worked to keep a rein on spending for fiscal year 2014-15 proposing a $98.69 million total budget, a 1.9 percent increase over the present year.

“After reviewing both town departments and Board of Education requests, I am recommending reductions to both,” Murphy said Tuesday. “Some of the cost drivers in this budget revolve around the community debt which is carried on the town operations budget which increased $677,600 net, mostly due to sewer improvements.”

Proposed education spending was cut by $650,000, with the mayor recommending $60.96 million.

Proposed town operating expenses were cut by $113,082, bringing that figure to $35.97 million. Recommended Capital was $1.76 million.

The mill rate would stand at 26.37 mills, an 0.52 mill increase. At that rate, tax would be $2,637 for every $100,000 in assessed property value.

“The tax increase would be $279.92 on an average residential home assessed at $217,750,” Finance Director Ray Jankowski calculated. “On the average condo, assessed at $105,480, the increase would be $56.40.”

Budget hearing begin Feb. 24 at 7:45 p.m. in the E. Paul Martin meeting Room in Roger Sherman Town Hall.

 

Categories: General
Susan Tuz

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