Cape Elizabeth's Budget: A 5% Tax Hike
Portland Maine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Cape Elizabeths town manager presents a preliminary budget of $60 million, a 4% increase from last year, which would raise property taxes by 5.5%. The towns share, $20.2 million, focuses on staff safety, wellness, and training. A typical homeowner would pay $496 more in taxes, with the overall tax rate rising to $12.37 per thousand dollars of value. Revenues are expected to rise 5% due to new property growth, state aid, and community program fees. Capital spending includes $2.5 million for projects like road paving and solar panels at the library. The finance committee will review department budgets and shape the final version by early April.
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