Village of Misenheimer’s property tax rate to remain at 22 cents
Published 1:39 pm Friday, May 17, 2019
The Village of Misenheimer’s 2019-2020 proposed annual budget recommends the property tax rate remain at 22 cents per $100 valuation.
The total proposed budget expenditure is $527,300.
This includes $374,165 for police and public safety, $113,325 for general government and $22,430 for environmental protections. More than $8,000 is for the Carolina Thread Trail as part of a Capital Grant Project.
The revenue also totals $527,300 and includes $160,000 in sales tax, $265,000 in police contract fees, $29,000 in property tax and $25,000 in utility franchise/telecommunications tax.
Pfeiffer University is renewing the contract for police services for fiscal year 2019-2020 at $265,000.
Pay increases are budgeted for fiscal year 2019-2020 with the hope of bringing police salaries in alignment with peer communities.
The Village is also eligible for N.C. Department of Transportation Powell Bill funds because the .15-mile of Colony Apartment Road was acquired by the Village from NCDOT’s maintenance responsibilities during fiscal year 2011-2012.
A public hearing will be at 6 p.m. June 10 to review and discuss the proposed budget. Following the public hearing, the council will convene its monthly meeting to address the approval of the budget.
About Chris Miller
Chris Miller has been with the SNAP since January 2019. He is a graduate of NC State and received his Master's in Journalism from the University of Maryland. He previously wrote for the Capital News Service in Annapolis, where many of his stories on immigration and culture were published in national papers via the AP wire.
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