Oakboro’s property tax rate to remain at 41 cents

Published 3:43 pm Thursday, May 28, 2020

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The town of Oakboro’s 2020-2021 budget will keep the tax rate at 41 cents per $100 valuation.

The total budget expenditure is $1.6 million.

About $700,000 will be spent for public safety, $258,000 for general government, $207,000 for parks, $155,000 for environmental protection, $149,000 for streets, $82,000 for the fire department, $12,900 for the cemetery and $7,750 for museums.

The revenue, which also total $1.6 million, includes $682,000 from property tax, $508,000 from sales tax, $170,000 from reimbursement utility, $72,000 from Powell Bill Funds and $68,000 from sanitation revenue.

The town’s sewer budget is set for $590,300. This total includes spending $250,000 for sewer treatment costs and $71,000 for a loan payment. Salaries make up $92,000, with other line items dedicated to utilities, life insurance, generator repairs and more. Revenue for the sewer fund comes mainly from sewer revenue, which totals $400,000, and proceeds from the sale of the wastewater treatment plant, which totals $156,000.

The water budget is set for $510,000. The largest expense at $140,000 will be spent on purchasing water from Stanly County. The department will also spend about $110,000 on salaries, $30,000 on radio-read water meters, with other expenses including a lab contract, supplies and chemicals, safety equipment, a mower and more. Revenue for the water fund comes mainly from water revenue, which totals $485,000.

The council adopted the budget during its June 15 meeting.

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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