It should be noted that trash and recycling fees are stipulated in the town’s contract with provider GFL Environmental, while revenues raised by water fees are restricted to being spent on improvements to the water system. In addition, the proposed budget calls for a 15% increase in business licenses, an increase in waste and recycling fees from $61.50 per quarter to $63.50 per quarter and a hike in water availability and usage fees. With the increase, FY 2023 is estimated to generate $1.5 million. Property taxes are Milton’s largest revenue generator through FY 2022, the town is expected to take in $1.235 million, about $15,000 more than expected. Under the proposal, the tax rate would go from $0.252 per $100 of assessed value to $0.299 per $100 of assessed value, an 18% increase. Milton residents could see a property tax increase as part of the fiscal year 2023 budget, the town’s third increase since 2015.
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