The New Milford Town Council has decided that the addition $433,000 in state funding headed to New Milford will not prevent planned school budget cuts.  The Board of Ed will have to trim $600,000 to make up a shortfall between their requested funds and the budget approved by voters.  The local budget is higher than the current year's funding.  The additional Education Cost Sharing money could be put into the school capital reserve fund, for capital projects.  The Fund is not for operating expenses.  The Board of Ed is expecting a surplus, so some of the cuts could be reinstated.