MEXICO — A special town meeting to act on three money articles is scheduled for 6 p.m. Thursday in the town hall. It will be followed by a selectmen’s meeting.
Residents will be asked to take action on a total of $290,000 to be taken from the town’s undesignated fund balance.
The first article asks residents to approve using $100,000 from surplus to help reduce the 2012-13 tax commitment.
The second article asks for $140,000 to make this year’s payment on a $2 million road construction bond.
The third article asks for $50,000 to make repairs to the Poplar Hill Road.
A petition signed by 34 residents of the Poplar Hill Road asking for road work was presented to selectmen last week.
After action on the articles, the board will meet to set the tax rate. Town Manager John Madigan had earlier estimated that the rate may rise about $2 per $1,000 valuation, because of the slightly higher municipal budget and a $127,000 increase in the town’s share of the RSU 10 operating budget.
One mill equals about $127,000, Madigan said.
The board will also decide what action, if any, to take on a Poplar Hill Road construction/repair project, and act on a lease-purchase agreement with Gorham Leasing Group of Portland for a new backhoe.
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