The New Milford Board of Finance has approved a budget proposal to present to residents. It's a $38.3 million municipal budget proposal, with a $63.3 million request for the schools. It includes $500,000 more for the schools than the current year. The proposal includes the fire departments' $250,000 shared capital contribution, which originally was dropped from the plan. A special meeting will be scheduled to set the referendum because the Board of Finance did not pick a date at their meeting this week.