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Mayor's Budget Calls for 2.7% Tax Increase

The Milford Finance Director estimates that taxes will rise approximately $155 for a typical single family home (raised ranch) with a current year market value of $311,070 in the 2013-2014 City budget.


Mayor Blake cites the following key factors as responsible for the City's budget increase:

 

  • There will need to be a significant increase in Milford's pension contribution based on the decine in the value of pension assets experienced during the market downturn between 2007 and 2009.
  • The City's debt service has grown as a series of past capital projects, including several major sewer upgrades, have been completed.
  • The annual health insurance cost for Milford will rise 10% based on projected claims.

The Building Inspection Department will need to work on the $75 million in building projects to help with inspections in the wake up Hurricane Sandy's damage.

"I am proud of our City's exceptional government and believe this budget keeps Milford's financial future on a prudent path," Mayor Blake said.

The Budget still needs to go through the Finance Board recommendations before going to the Board of Aldermen, who have their next monthly meeting on Monday, February 4th.

Rocco Frank Milford Independents February 05, 2013 at 09:06 PM
The firehouse was originally reported as a no bid contract, however there were several bids submitted. The issue is the liberal price tag of 5M, one that is part of the reason for our tax increase.
MCF February 05, 2013 at 09:25 PM
Yes, the GC cost is double or more than average, that is interesting. I work with construction companies in my consulting business - usually they don't have the luxury of making such a margin. If it was put out to bid did they go with the highest bidder?
JE February 05, 2013 at 11:05 PM
Manny the contractor was the low bidder at almost 1 million under the estimate. No question alot has gone wrong with the project, but it was the low bidder, not the high. I never heard anything about it being no bid.
Rocco Frank Milford Independents February 05, 2013 at 11:35 PM
300 Grand for Blue prints... see the NH Register April 8, 2011. Right around that time Blake had all his energy into making the Republicans look bad as he was chasing reciepts for chairs. mmmm makes you wonder how he misessd such a huge mistake. This is what a firehouse should cost and had it been priced right your taxes would be lower this year. http://www.reedconstructiondata.com/rsmeans/models/fire-station2/
MilfordResident February 11, 2013 at 12:27 AM
I hope that after the absolutely atrocious handling of this snowstorm (despite taxes going up and up and up) that no one in this town is stupid enough to vote for this ridiculous Mayor again.

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