Town Council has approved a $16.6 million budget for fiscal year 2020.
With level tax rates, a fully-funded request from the school district and money set aside for the upcoming Riverwalk Park, as well as debt payment, the town has a neat, simple budget for the upcoming fiscal year that starts July 1.
Mayor Jim Hudson commended town staff for its work pulling the budget together.
“Once again, this year we’re retiring some debt. We got a great audit report from last year,” Hudson said.
The budget won’t take a bigger bite out of resident’s wallets with any increases in real estate, personal property or machinery and tools taxes.
The town’s real estate tax will remain level at 72 cents per $100 of assessed value. Ditto the personal property tax at $3.52 per $100 and the machinery and tools tax at $2.40 per $100.
Town staff will also get a raise of up to 3.5 percent. The salary increase for town staff will cost $51,170.
Capital projects include $150,000 for creation of Riverwalk Park, and $105,000 allocated to the school district.
The budget includes increased funds for the Chesty Puller 10K, which total $22,850. Another $25,000 will be set aside for future economic development projects.
The town will fully fund the school district’s request for $4.3 million in local funds. The school district’s total budget is $10.7 million. The School Board voted to approve superintendent Laura Abel’s recommended budget March 19.
Items in the school budget include a 3 percent salary bump for teachers, which will cost $147,300, as well as increased funding for the drama department ($8,000), athletics ($6,000), out-of-district vocational training enrollment ($15,000) and increased on-campus vocational training materials ($5,000).
No members of the public spoke during a public hearing on the budget April 23, according to meeting minutes. Town Council members likewise didn’t have much to say about the budget prior to approval Tuesday, except that Councilman James Pruett abstained from voting on budget approval because of a professional conflict of interest.
Jack Jacobs, 757-298-6007, firstname.lastname@example.org, @jajacobs_