Taxes, the 2026 budget and the state spending cap
Where it standsThe council adopted the 2026 municipal budget and a cap-bank ordinance in May 2026.
What's on the tableThe next council will write the 2027 budget and decide whether to use the cap bank.
- The borough auditor said appropriations were up 3.9% over the prior year in the budget introduced April 6, 2026. Borough of New Milford · Apr 6, 2026
- At the May 11, 2026 hearing, the auditor said the net municipal and school tax increase comes to $233 for the average assessed home. Borough of New Milford · May 11, 2026
- The council adopted Ordinance 2026:16 to exceed the municipal budget appropriation limits and establish a cap bank on May 11, 2026. Borough of New Milford · May 11, 2026