The third budget vote in New Milford is being held today.  Residents are being asked to approve the $39-million municipal budget and a $63-million Board of Education budget.  The 3.3 percent tax increase is higher than the last rejected proposal because less money would be used from the undesignated fund.  New state revenue is also now covering capital items instead of operating expenses.  Some $300,000 was cut from the education budget in this revision after being kept the same in the first two proposals.