Town of Richfield passes budget; property tax rate to remain at 22 cents
Published 3:46 pm Monday, June 10, 2019
The Richfield town council passed the 2019-2020 budget last night.
Not changes were made between the proposed budget and the one that passed.
The town of Richfield’s 2019-2020 annual budget details that the property tax rate remain at 22 cents per $100 valuation.
The total budget expenditure is $339,000.
Stanly County will be taking over the town’s sewer utility services for the fiscal year, Town Administrator Carolyn Capps said.
This budget includes $134,000 for administration, $117,000 for police and trash collection, $62,500 for parks and recreation and $25,000 for Powell funds.
The revenue also totals $339,000 and includes $130,000 in property taxes, $100,000 in sales tax, $42,000 in franchise tax and $25,000 in Powell Bill.
The budget calls for a 6 percent salary increase for employees and $28,000 for parks and recreation was earmarked to remove a pond dam at Tyson Park, Capps said.
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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