Plymouth City Council members held a pre-adoption public hearing over their 2019 budget when they met last Monday.

Clerk-Treasurer Jeanine Xaver shared that the published budget is based on 85 percent of the current year’s assessed valuation (AV). She explained that the current AV is $391 million and 85 percent of that is $333 million.

Xaver said based on that reduced AV, the anticipated tax rate for 2019 would be $2.12 per $100 of net assessed valuation and added that excludes the cumulative capital development fund’s rate. She also noted last year’s rate was advertised at $1.95 and it ended up being a $1.65. Continue reading →