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Special town meeting set
MEXICO -- Selectmen have set a special town meeting for 6 p.m. on Tuesday at the town hall.
Town Manager John Madigan said there will be two articles for the public to act on.
One will be $140,000 to contribute to the debt service. "This will be the third year, coming from that $700,000 we got from the Maine State Retirement."
The other $140,000 is from general funds/surplus. "The auditor, before he left, gave me the surplus figure for the end of 2012-13, $633,232. If we take from that, $140,000, which I propose, that would leave us with $493,232 for cash flow needs. Our goal for several years has been to keep within 10 and 15 percent of our budget; 10 percent of the total budget would be $432,000 and 15 percent would be $649,000. That $493,232 would leaves us a little over 11 percent," said Madigan.
Then, during the regular meeting that follows, it is expected that the board will approve a tax rate recommended by Madigan.
That recommended tax rate is expected to be 25 mils, the same rate as 2012-13.
"This is still subject to minor changes between now and when the actual (tax) bills are printed, which includes when the town gets a number from the state what their tree growth reimbursement is going to be. This budget will leave us with $18,513 in overlay. Last year's was $17,000," said Madigan.
"In spite of all the problems we saw several months ago with the Governor's proposed budget and what it might do to us, it looks like we'll be able to keep the same tax rate," he said.