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Casino revenue helps lower Tyre town tax rates for 2020

The Town Board unanimously adopted a 2020 town budget Thursday.

The general town tax rate per $1,000 of assessed value will drop from $2.25 to $1.63. The reason? A decline in the general fund budget and $2.2 million in revenue the town will receive from del Lago Resort & Casino.

The casino pays the town 5 percent of its gross gaming revenue as a condition of its state license.

The 2020 highway budget is projected to increase from $1,724,000 to $1,736,000, while the town’s contract with Magee Fire Department for fire protection services will rise from $151,012 to $155,632.

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