Finance subcommittee examines fiscal 2027 budget shortfall
Milford Finance Committee Executive Subcommittee weighs potential fiscal 2027 budget cuts and cost reductions. Chair Andrew Lizotte presented a projected revenue-expenditure imbalance to the five-member subcommittee and outlined potential cost-reduction measures including reductions to the
Finance Committee · Meeting of March 5, 2026
Milford Finance Committee Executive Subcommittee weighs potential fiscal 2027 budget cuts and cost reductions. Chair Andrew Lizotte presented a projected revenue-expenditure imbalance to the five-member subcommittee and outlined potential cost-reduction measures including reductions to the stabilization fund, excess levy relief, and slowed departmental growth including schools. Members discussed rising employee benefit costs, capital project spending, and personnel contracts as ongoing fiscal pressures, along with longer-term challenges from anticipated high school renovation or construction.
The committee reviewed the budget development timeline and scheduled the full Finance Committee to complete its fiscal 2027 review over the next two months.
In the full story:
- The complete report — 226 words
Source: the Finance Committee meeting of March 5, 2026, compiled from the official minutes.
Members read the rest of this story and every Milford meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this brief
Know someone in Milford who follows town government? Share Townbrief Milford: they can sign up free.