For
town of Milford employees, the following
forms are available online. Please follow
the link, print the form, fill out according
to the instructions, and send to the Treasurer's
office at the address above.
¨ The
Treasurer records all cash received by
the Town, pays all bills, including payroll;
and administers employee health, dental
and life insurance plans. The Treasurer
works with other financial departments
to ensure cash requirements are meet.
¨ The
Treasurer invests the Town’s funds in accordance
with the guidelines stipulated by Chapter 44
Section 55 of the Massachusetts General Laws. The
investment policy of the Treasurer contains
three guiding principals: first and foremost
is safety of principal, secondly is liquidity
to meet daily cash requirements, and
the third is return on investment.
¨ The
Treasurer initiates all short-term and
long-term borrowing as authorized by Town
Meeting with the approval of the Board
of Selectmen. Short-term
borrowing may be in anticipation of revenues,
grants or bonds. Long-term debt usually
is issued at the completion of a capital project. The
Town’s debt is managed within
the guidelines set by Chapter 44 Sections
6-10 of the Massachusetts General Law.
¨ The
Treasurer brings resolution to all property
for which the Town holds a lien. When real
estate taxes remain unpaid for an appreciable
length of time, the Tax Collector has the authority,
under law, to place a recorded lien on the
property in default and transfer the unpaid
balance to the Treasurer’s books. This
tax lien prevents the owner from selling or
transferring the property without first satisfying
the debt to the Town. The Treasurer
then assumes the responsibility of
collecting all amounts due or commences
foreclosure proceedings