Get ready to shell out more for taxes!
The Board of Commissioners has approved the Town’s budget for FY ’15-’16, with Commissioners Kyser, Miller, and Martin voting for and Young and Harrington voting against. You can view the approved budget here and the budget message from the Town Manager here.
The tax rate will increase from $0.127 to $0.15 per $100 assessed value.
The $0.023 increase breaks down as follows:
- $0.01 for road repairs
- $0.007 for employee salary increases (this is in addition to the 5% merit raises)
- $0.006 to bring the tax rate to revenue neutral due to a decreased overall valuation
As always, feel free to email us at [email protected] with questions and we will get back to you.