Hopes dashed about possible tax relief
A possible reduction in the 2015-16 tax rate for New Milford won’t come to pass.
The amount of revenue coming to the town from the state for 2015-16 will not be as much as that correspondence had indicated.
The June 4 OPM message indicated the town would receive $1.3 million more than anticipated, a pronouncment that led the mayor and Town Council to propose reducing the tax rate for the coming budget year with those funds.
However, “OPM contacted us Thursday afternoon,” Murphy said Friday. “Unfortunately, the figures we received were wrong.”
“We’re actually getting somewhere in the area of $43,000 more than anticipated,” she added, “Not enough to do any tax relief.”
The mill rate for 2015-16 will remain at 26.75 mills, as set after the budget referendum.
That would mean taxes will be $2,675 on every $100,000 of assessed property value.