Badin’s property tax rate remains 42 cents
Published 9:48 am Tuesday, June 9, 2020
The town of Badin’s 2020-2021 budget keeps the property tax rate remain at 42 cents per $100 valuation.
The council adopted the budget June 9.
The total budget expenditure is $930,541, which is an increase over last year’s budget, which was $858,000.
The budget includes $420,050 for the Badin Police Department, $207,200 for the public works department, $224,475 for administration department and $53,305 Powell Bill allocations, which is used for street maintenance, and $25,500 for parks and recreation department.
The revenue, which also totals $930,541, includes $375,000 from sales and use tax, $250,000 from property tax and $42,000 from utility franchise tax.
Almond said the sales tax revenue is less compared to year’s past, when it’s at least $400,000, due to all the uncertainty caused by the coronavirus pandemic.
“We’re having to plan what we expect to be a reduced revenue in sales tax which for our town is our primary income,” he said.