CHINA — The town’s tax rate decreased this year from $15.60 per $1,000 worth of assessed value to $15.50 per $1,000.

According to Town Manager Dan L’Heureux, the town’s increase in valuations offset any increase in expenses, as well as any increase in the homestead exemption.

The Tax Increment Financing Committee, which met after selectmen set the tax rate, agreed to recommend that $50,000 of TIF money be used for trail repairs for the China Four Seasons Club, a question that would go on the Nov. 8 ballot.

The trails need continued maintenance and repairs, L’Heureux said, and some mats that help carve the path have to be replaced.

The TIF district, which is intended to draw money from upgrades to power lines owned by Central Maine Power Co., is expected to generate more than $5 million over several years.

The initial TIF agreement last year included a provision that money would be committed toward trail maintenance, L’Heureux said.

The committee also discussed recommending to the Board of Selectmen that the ballot ask residents to allow some money to go toward a revolving loan fund, which would help small businesses complement larger loans.

“All of this is just in discussion,” L’Heureux said, noting that the TIF committee was formed only recently.

Madeline St. Amour — 861-9239

[email protected]

Twitter: @madelinestamour

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