Government budget and revenue in Milford, Connecticut: official figures
Milford's city government took in $277.48 million in total revenue in the fiscal year ended 30 June 2024, or $5,498 for each of its 50,471 residents (2024 figure in the finance file).
How much does Milford spend and on what?
It spent $317.06 million in the same year, $6,282 per resident. The largest identified functions were elementary and secondary schools (54.9%), police (5.4%) and fire protection (4.4%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Milford collect per resident?
Taxes raised $209.88 million ($4,158 per resident) in the fiscal year ended 30 June 2024, 75.6% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does Milford rely on?
Of Milford's tax revenue in the fiscal year ended 30 June 2024, property tax made up 97.3%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%.
Source: U.S. Census Bureau · saved copyHow much federal and state money does Milford get?
Payments from other governments made up 14.2% of Milford's city government's general revenue in the fiscal year ended 30 June 2024: 0.1% from the federal government ($6 per resident), 14.1% from the state. For all US city governments in 2022 the aid share was 24.3%.
Source: U.S. Census Bureau · saved copyHow much does Milford raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $7.53 million, 2.7% of general revenue (all US city governments in 2022: 20.0%).
Source: U.S. Census Bureau · saved copyHow much does Milford spend on police?
Milford's city government spent $17.25 million on police in the fiscal year ended 30 June 2024, $342 per resident and 5.4% of its total spending; police took 10.3% of spending across all US city governments in 2022.
Source: U.S. Census Bureau · saved copyHow much does Milford spend on fire protection?
Fire protection cost $14.09 million, $279 per resident, in the fiscal year ended 30 June 2024.
Source: U.S. Census Bureau · saved copyDoes Milford city government run the schools?
Milford's city government also pays for public schools: elementary and secondary education took $174.12 million, 54.9% of its spending in the fiscal year ended 30 June 2024, which in most US cities is spent by a separate school district instead.
Source: U.S. Census Bureau · saved copyHow much debt does Milford have?
At the end of the fiscal year ended 30 June 2024, Milford's city government owed $7.60 million in long-term debt, $151 per resident. During the year it issued no new long-term debt and repaid $54.22 million.
Source: U.S. Census Bureau · saved copyHow much does Milford pay in interest on its debt?
Interest on debt cost $4.34 million in the fiscal year ended 30 June 2024, 1.4% of total spending.
Source: U.S. Census Bureau · saved copyAre the Milford budget figures reported or estimated?
Milford did not report most of its 2024 figures: the Census Bureau imputed 100% of the revenue dollars in its record, so these amounts are estimates and are left out of the city rankings.
Source: U.S. Census Bureau · saved copyMore on Milford: overview · economy and jobs · health · education and schools · poverty and living standards · all cities in the United States
Sources
- U.S. Census Bureau: 2024 Annual Survey of State and Local Government Finances, individual unit files (item amounts for every sampled government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 0967c4d30466…)
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