City government · South Central Connecticut County, CT

Milford's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Milford took in $277 million and spent $317 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

City taxes76%State tax money14%Fines and other7.4%Fees for services (school lunches, parks and recreation)2.7%Federal tax money0.1%

What stands out

74%

of Milford's money comes from property tax.A typical U.S. city of 50,000+ people gets 20%.

City taxes76%

Property tax
74%$204 million
Other taxes
2.0%$5.7 million
What's in other taxesOther licenses
  • Other licenses$5.7 million

Amounts are by Census tax category.

Fees for services2.7%

Fees for services
2.7%$7.5 million
What's in fees for servicesOther service charges; school lunches and 3 more
  • Other service charges$5.7 million
  • School lunches$1.2 million
  • Parks and recreation$446 thousand
  • Sewer$144 thousand
  • Other school charges$26 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
0.1%$285 thousand

State tax money14%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
14%$39.2 million

Fines and other7.4%

Interest, rents and other
6.4%$17.9 million
Fines
1.0%$2.8 million

Where it goes

Schools and colleges55%Running the government and other costs24%Police, fire, courts and jails10%Water, sewer, trash and utilities4.6%Roads, transit and parking2.7%All other spending3.8%

What stands out

55%

of Milford's spending goes to schools and colleges.Most U.S. cities of 50,000+ people spend nothing on this.

Spending by category100%

Schools and colleges
55%$174 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$174 million
Running the government and other costs
24%$76.0 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$71.6 million
  • Finance, tax collection and budgeting$3.3 million
  • Central staff services (personnel, purchasing, technology)$1.1 million
Police, fire, courts and jails
10%$32.0 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$17.2 million
  • Fire protection$14.1 million
  • Courts and legal services$674 thousand
Water, sewer, trash and utilities
4.6%$14.5 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$9.8 million
  • Garbage and solid waste$4.7 million
Roads, transit and parking
2.7%$8.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8.5 million
Interest on debt
1.4%$4.3 million
Parks, recreation and libraries
0.7%$2.4 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.3 million
  • Parks and recreation$1.1 million
Health and hospitals
0.6%$1.9 million
What's in health and hospitalsPublic health
  • Public health$1.9 million
Sent to other local governments
0.6%$1.8 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$1.8 million
Social services
0.3%$953 thousand
What's in social servicesOther public welfare
  • Other public welfare$953 thousand
Housing and community development
0.2%$539 thousand
Environment and natural resources
<0.1%$46 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$46 thousand
Sources and moreWhere these numbers come from and what they cover

City of Milford. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Milford itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.