Nothing threatens schools and education more than Negative Income Properties. NIP's unlike financially irresponsible politicians cannot be voted out of office on election day. NIP's consume more taxes and tax dollars than can ever be reasonably recouped by taxation. The following note that arrived to me today has all the hallmarks of a classic tax burden to the people of Milford. The e-mail reads as follows:"The appeal to prevent the development of apartments on Prospect St. has failed after 4 years in court. The current owners have posted a Notice of Demolition on 25 Prospect St., the little brown house, after 4 years of neglect. It appears the developer will build their first proposal of 3 apartment buildings with minimum setbacks against the cemetery property and the railroad property. 84 apartments. 97 cars. "
This type of development will result in new Milford residents that will potentially have one or more kids in our schools. The cost of educating those kids $12,500.00 each... the taxes they pay perhaps 4, or $5,000.00 per unit creating an additional tax burden on the people of Milford, and the kids we need to educate here. Truly sad and tragic.
