Middlefield's Board of Finance recently held a public hearing on the 2012-2013 proposed budget. Below is a breakdown of some of the numbers within the proposal.
$4,418,229 — Town spending. The BOF has reduced the figure initially proposed by the First Selectman by nearly $79,000. The amount is a 4.9 percent increase over current spending.
32.05 — Mill Rate. The town's mill rate has increased slightly every year for the past three years, but will jump significantly this year due to . The increase amounts to a nearly 4 mill increase.
73.5 — The percentage of the town's total budget ($15.96 million, includes town and school spending) that is spent on the .
$5,298 — Average tax burden. Despite the mill rate increase, the average homeowner in Middlefield will see a decrease in their tax bills in July. This is due, in part, to a reduction in the town's share of the Region 13 budget because of a decline in enrollment.
$230,000 — Powder Ridge financing. This amount includes two interest payments of approximately $40,000 and one principal payment of approximately $150,000 during the 2012-2013 FY.
Copies of the Town of Middlefield 2012-2013 Annual Budget proposal can be picked up at .