What made it into Statesville’s approved budget?

  

PRESS RELEASE

In accordance with the provisions of the NC General Statutes, the City Manager’s 2019-20 Proposed Budget was presented to the City Council on May 6,2019. The City Council duly advertised and conducted a public hearing on May 20, 2019.

The City Council held two budget work sessions on May 22-23, 2019. From these work sessions, several recommendations were made by Council and were presented as a balanced budget on June 3, 2019 in their regularly scheduled meeting.

After discussion, the Council approved on a 5-3 vote to approve the 2019-2020 operating budget with the following changes from the original Manager’s proposed budget.

  • Property Tax rate increase of 6.67 cents per $100 valuation (from $0.4811 to $0.5478 per $100 valuation)
  • Nearly $845,000 for Economic Development opportunities (from nearly $635,000 as originally proposed)
  • One cent of tax rate towards pay increase for General Fund City Employees in the form of a one-time bonus. Enterprise Funds will match the methodology.
  • General Fund capital expenditures are funded at $2,608,309. Council eliminated the straight purchase of 4 Sanitation trucks, reducing expenditures by $936,000.
  • Increase of $400,000 in Contingency to mitigate the potential purchase and/or major repair to Sanitation trucks.
  • Increase of $203,000 for debt service expenditure for the lease purchase of a new ladder truck for the Fire Dept.
  • Multiple operating cuts and corrections that resulted in nearly $105,000 of expenditure reductions

Other highlights from the Budget include:

  • Continued funding for a career development program for Public Safety employees
  • No change to Electric Rates
  • 3.0% Increase to Water rates
  • 3.5% Increase to Sewer rates
  • Introduction of Stormwater Rate to begin July 1, 2019

 

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