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The Board of Aldermen approved Milford's fiscal year 2026-27 budget and related tax ordinance by a 9-6 vote. The ordinance sets total appropriations and revenue at $278,097,614 and taxes to be raised at $239,332,207; the final mill rate is not stated in the minutes.
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The approved budget covers city operations and education for July 1, 2026, through June 30, 2027. State aid was set at $13,138,964, which was $1,123,970 more than the Board of Finance estimate, and officials said the additional aid could reduce the mill rate by about 1.1 mills, although the final rate is unavailable in the minutes. The budget also reflects the expiration of the Milford Power Plant's payment-in-lieu-of-taxes agreement, returning the facility to the taxable grand list.
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