HANCOCK - The Hancock Town Council approved a budget of more than $1.2 million for its general fund in the coming fiscal year at its meeting Wednesday night.
Salaries and benefits are the town's largest expense, coming in at $487,294, according to a draft of the town's budget made available at Wednesday's meeting.
Public hearings on the budget and proposed tax rates were held prior to the council's vote, but no citizens spoke.
Hancock's property tax rate will remain the same, at $0.395 per $100 of assessed value.
Even though the town's tax rate won't increase, citizens' taxes still will go up because assessments increased, Mayor Daniel A. Murphy said.
Hancock will see about $27,000 more this year than last year due to the higher assessments, town Manager David Smith said.