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Milford Finance Committee Supports Proposed FY15 Budget

The Finance Committee has voted to support the proposed $87.3-million operating budget for Fiscal Year 2015, which runs from July 1, 2014 through June 30, 2015 The amount is 3.6 percent higher than the current year's $84.3-million budget. Town Meeting Members will vote on adopting the budget at the May 19 Annual Town Meeting.

The Finance Committee also voted in favor of the following monetary articles on the Annual Town Meeting warrant:

• Wage and salary levels for FY15, with a 2 percent raise as recommended by the Personnel Board

• Salary and compensation for all elected officials for FY15

• Transfer $45,000 to the Veterans Department budget for this fiscal year.

The Finance Committee was supposed to review all remaining financial articles being considered at the Annual Town Meeting at its April 16 meeting – including a $ 4.6-million request to renovate the Milford Youth Center facility. However, the meeting lacked a proper quorum of members to proceed. Chairman Marc Schaen said his committee would have to meet by early May in order to prepare its written recommendation for Town Meeting Members.




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