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Health & Fitness

Milford's budget could be as big as $110 million - WHERE WILL THAT MONEY BE COMING FROM?

Newly elected Milford Town Meeting Member Michael Soares wrote, in a comment at Milford-MA Patch, on September 17th, that Milford's budget could be as big as $110 Million in 5 years. Mr. Soares extrapolated that figure by assuming a 4% annual increase to the current $90 Million annual Town budget.
Where would the town get that money from? Will it need to increase taxes by 4% a year? On the other hand, the casino will be bringing a minimum of $31 Million in annual revenues, per the Host Agreement, if the casino is approved. (Michael Soares comment:
http://milford-ma.patch.com/groups/joe-pontes-pro-casino-points/p/possible-338-real-estate-tax-cut-f...) (Host Agreement: http://casino.milford.ma.us/host-agreement/?aid=413&sa=0)
WILL MILFORD NEED TO INCREASE TAXES BY 4% EVERY YEAR?

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http://milford-ma.patch.com/blogs/joe-pontes-pro-casino-points
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