Mercer County Board Approves Budget & Levy

The Mercer County Board approves the budget and tax levy for fiscal year 2018. There were no changes from last week’s Truth In Taxation hearing says County Board Chairman Carlos Sarabasa of Aledo.

The budget projects a surplus of $11,690 with a cash balance of $144,522 at the end of the fiscal year—November 30, 2018.  The $4.4 million levy represents a 12.05 percent increase from last year with the tax rate going from $1.45 to $1.52 per $100 assessed valuation.