From a Press Release:
Milford, CT- For only the second time in the past 30 years, Milford taxpayers will see a decrease in the amount of money they pay locally, as the Board of Aldermen adopted a new City budget last night that reduces taxes for fiscal year 2016-2017. Milford’s mill rate, already far less than any of the neighboring communities, was reduced even further from 27.88 mills to 27.84 mills, thereby cutting taxes for both residents and businesses.
Each year, the City of Milford develops a budget which protects our community’s core values by ensuring our public safety departments operate at optimal levels, our public infrastructure is properly maintained, our social safety network is robust, and our schools are exceptional. At the same time, each department is challenged to hold the line on spending and streamline the approach by which services are delivered – guaranteeing that Milford City Government will be more efficient and productive than ever before.
According to Mayor Ben Blake, “we have reduced the costs of operations through thrift. In spite of health care costs, pension contributions, debt service, and contractual wage obligations, Milford has worked hard to mitigate our liabilities while expanding the funding side of the budget with new, non-taxpayer sources of revenue. I am proud of Milford’s conservative budget approach and happy that we are able to deliver this historic tax cut while continuing to provide such extraordinary services to our residents.”
Bond Refunding Saves Milford $893,536
Milford Mayor Ben Blake has announced that the City will capture $893,536 in taxpayer savings by refinancing $16 million in bonds on a day when interest rates for municipal bonds were at record low levels, and subscriber demand for Milford bonds was high.
This initiative continues a series of cost cutting measures which help to make Milford government more cost effective. In addition to the tax relief found in the present bond refunding, the city realized savings of approximately $3.9 million in the last few years from four prior refunding issues.
“I am pleased to announce today the city will be refinancing $16 million in bonds, securing a very favorable 1.96 percent net interest rate on bonds which were originally financed at an average rate of 3.7 percent. The sale will yielded a total savings of $893,536, or 5.07 percent of the initial obligation. We were able to take advantage of existing market conditions to seize the opportunity and return $893,536to the taxpayers of Milford,” Blake said.
“This announcement is the result of outstanding planning, management and timing…” Blake said. “This is outstanding news for Milford. We will be able to use the savings to provide tax relief for upcoming budgets.”
Blake pointed out that in other parts of the country, agencies have downgraded bond ratings for cities or states that struggle to maintain obligations to retirees. Milford’s pension fund is fully funded, and the city has kept pace with requirements to fund retiree health care that is not seen everywhere.
Nice work, Ben!
Check out Ben’s office page on the City of Milford website here.
Bond Refunding Press Release 2-24-16
As part of the ongoing “River Street Wednesday” series here in Milford, Connecticut “A Lesson in Wood Turning” will be presented by MJKS Woodworking on July 15th, 2015 at 12pm on 110 River Street.
Originally announced in April by Mayor Ben Blake and the Milford Arts Council, River Street Wednesdays are events that provides the community an opportunity to gather, connect and enjoy Downtown Milford together.
Click on this link to read the press release for River Street Wednesdays put out in April and look to the right of this post to open the promotional image made for the upcoming event. A schedule of future River Street Wednesdays can be found in the press release.
Attendees are encouraged to bring blankets/chairs as well as a picnic lunch. People can even get lunch at one of the numerous eateries downtown and bring it to this event coming up on the 15th. A list of restaurants and shops to visit before (and after) the events can be found at the website of the Downtown Milford Business Association.
The River Street Wednesdays schedule is as following;
||Organic Gardening: Rewarding and Fun
||Yoga for all Levels
||Birding and Bino Basics
||CT Audubon Society Coastal Center
||An Acoustic Afternoon with Dan Labich
||Adventures in Art and Sidewalk Chalk
||Milford Arts Council
||Milford’s History Matters
||Milford Preservation Trust
||A Lesson in Wood Turning
||Story time with Anthony Paolucci
||Milford Fencing Club
||K-9 Unit Demonstration
||Milford Police Department K-9 Unit
||Pantochino Pop Up Theatre: Cinderella Italiano!
||Pantochino Productions Inc.
||Milford Ghost Stories
||Spirits of Milford Ghost Walks
From a press release
Special Olympics Unified Relay Across America Celebration coming through Milford, Connecticut!
The Special Olympics Unified Relay Across America is a historic event with three simultaneous torch runs, held from East Coast to West Coast, to kickoff the Special Olympics World Games in Los Angeles, California.
Please join in Milford’s celebration of the Unified Relay as the torch passes through Milford! Saturday, May 30 Milford Green Gazebo 11:00 a.m. – 1:00 p.m.
The event will feature a celebration of all Milford’s Special Olympics programs including school-based Unified Sports and adult programs.
Join us for an awards ceremony, face painting, field games, and to cheer on the Milford relay team as they carry the torch through Milford!
With 7,000 athletes and 3,000 coaches representing 177 countries, along with 30,000 volunteers and over 500,000 spectators, the 2015 Special Olympics World Games (July 25-August 2) will be the single biggest event in Los Angeles since the 1984 Olympic Games.
ESPN will broadcast the Opening Ceremonies live on July 25!
For inquiries please contact Lisa Kovlakas (860-329-1358)
To check out their official website, click here. To follow them on Facebook, check out their page here and leave a “Like”.
A recent update from the Milford, Connecticut City Hall Facebook page has provided the public with information concerning the upcoming Memorial Day Parade to be held on May 24th, 2015.
The City of Milford will host its annual Memorial Day Parade on Sunday, May 24th, 2015 at 2:00pm. Units and marchers are asked to assemble at the “Daniel Wasson Field” parking lot at 1:00pm.
The Memorial Day Wreath Laying Ceremony will be held in front of the Milford City Hall at 9:45am same day (May 24th). It is a short ceremony but highly moving.
If your organization would like to participate, please contact Russ Edwards at (203) 876-0914 for more information.
To view the full notice from City Hall on the Memorial Day Parade, please visit their Facebook page here and make sure to leave a “Like” to receive updates.