Village of Misenheimer’s property tax rate to remain at 22 cents
Published 11:28 am Tuesday, June 1, 2021
The Village of Misenheimer’s 2021-2022 proposed annual budget recommends the property tax rate remain at 22 cents per $100 valuation.
As in years past, the rate to apportion to the Richfield-Misenheimer Fire Department for fire and rescue will remain at seven cents of the total property tax rate.
The total proposed budget expenditure is $612,683, a 15 percent increase from FY 2020-2021, which was $530,212.
This includes $411,694 for police and public safety, $123,810 for general government, $35,000 for environmental protections and $24,492 for solid waste and recycling.
Specific expenditures detailed in the budget include $25,000 for Village office renovation, $12,000 for police body cameras with evidence storage and $5,000 for guns and $6,000 for crosswalk lighting. An additional $35,000 that will be carried over from the current budget will go towards the railroad crossing at Wesley Chapel Road.
The revenue totals $612,683 and includes $254,616 in sales and services, $229,250 in unrestricted intergovernmental revenues and $48,380 in fund balance appropriation.
Pfeiffer University is renewing the contract for police services for fiscal year 2021-2022 at $254,616.
Pay increases of 10 percent are budgeted for the upcoming fiscal year with the primary focus 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 21 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.