Mercer County Executive Brian M. Hughes sent the County Board of Commissioners his administration’s proposed 2021 budget, a $332.2 million spending plan that stays within the state-mandated 2-percent cap and would result in no change in the overall county tax rate.
Hughes on March 11 presented an overview of his administration’s budget proposal to the commissioners, who will review the document over the coming weeks before voting on its adoption.
Of the total budget, $269 million would be collected through property taxes, the same levy as last year. The overall county tax rate would remain at 58 cents per $100 of assessed value.
“This document represents our effort to provide the best possible government in the most cost-effective manner to the taxpayer,” Hughes said. “The fact of the matter is that many of our residents are suffering because of the pandemic, and it is up to us to tighten our belts and hold the line.”
A resident’s actual tax rate will rise or fall depending on his or her municipality once the county rate is equalized to reflect the difference between municipal property assessments and property market values.
The budget proposes that $14 million of the county’s surplus be used, leaving a $21 million balance. “It has been my policy to keep a healthy balance in our surplus fund to cover unforeseen circumstances,” Hughes said. “While no one could have imagined living through a pandemic, our fiscal prudence over the years has helped us weather this unprecedented storm.”
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