Monday, April 26, 2010

Bridgewater Residents Face Tax Hike


Looks like taxes will be going up for Bridgewater property owners. Town Council hopes to table the budget and set the tax rate by May 10th, and a 2 and half percent increase is being proposed. The draft budget proposes raising the residential rate to $1.66 per $100 of assessment, up from $1.62 and the commercial rate to $4.05 from $3.72. Council is looking at a 17 million dollar budget with 6.7 million of that for capital expenditures. Mayor Carroll Publicover says there hasn't been a tax increase in the Town for a long time and maybe it hasn't registered with the general public. Council has two more meetings where public input will be received before the budget is tabled.