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Badin’s property tax rate remains 42 cents

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.

 

 

 

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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