State audit: Town of Milo overtaxed residents, mismanaged finances for several years

An audit by the state Comptroller’s Office was critical of the Town of Milo for its management of finances over recent years.

The audit looked at years 2017 through 2020, which found that more real property taxes and user fees were levied than needed to fund operations.

It also determined that the board did not adopt realistic budgets for its funds between 2017 and 2020.

By the end of 2020 highway and water fund balances were excessive, ranging from 97-178% of 2020 expenditures.

As for a solution, the state recommended more realistic budget estimates to adopt a budget by.

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