A public hearing will be held next month in New Milford about tax deferrals.  At the New Milford Town Council meeting this month, there was a discussion about proposed revisions ot the tax deferral ordinance for commercial and industrial properties.  There is a standard offer currently in the ordinance, and the proposal is to change the language so that in all cases, the New Milford Town Council will be able to set the abatement level and the duration based on qualifying factors.  Those factors are also outlined in the current ordinance language.  A public hearing on the proposed revisions will be held August 10th at 7pm at New Milford Town Hall.