MEXICO — Voters have approved using $130,000 from surplus to offset property taxes for 2018-19.
On Aug. 21, selectmen voted unanimously to support Town Manager Jack Gaudet’s recommendation to set the 2018-19 rate at $29.20 per $1,000 of assessed property value, an increase of 70 cents from last year. A property valued at $75,000 would pay $52.50 more.
He said the reason for the hike is primarily because the Regional School Unit 10 assessment to Mexico went up $120,682 for 2018-19 and the town budget was cut by $26,446. The county tax assessment for Mexico also increased by $13,552.
Voters on Tuesday approved using money from the undesignated fund balance to offset property taxes.
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