Oakboro Town Council to discuss upcoming fiscal year’s budget

Published 10:19 am Tuesday, June 15, 2021

The Oakboro budget proposed for the 2021-22 fiscal year will not have any increases in tax rates or water/sewer prices, town officials say.

However, the new budget shows the town will receive increases in revenue. Projections for the 2021-22 fiscal year show the town expects an increase of $110,585 from property tax. The increased revenue, Town Administrator Doug Burgess said, will come from new housing builds and the overall revaluation of property.

Burgess said no fees charged by the town will be increased next year, nor will the tax rate, which currently is 41 cents per $100 valuation.

Oakboro has also budgeted to receive an increase of $63,200 in sales tax revenue this coming year. Overall, revenues are expected to be up to $1,763,455, an increase of $143,725 from last year.

In terms of expenses, administration salaries will increase $25,000 while zoning expenses increase $10,000 and a comprehensive growth plan will cost the town $20,000.

The town also expects to pay just under $12,000 more for public safety and $13,000 more for fire protection.

Salaries in the Parks and Recreation department will also increase by $26,800.

The budget will be on the upcoming agenda for the next meeting of the Oakboro Town Council, which is Monday.

About Charles Curcio

Charles Curcio was the sports editor of the Stanly News & Press from 1999-2001 and has currently served in the same capacity since 2008. He was awarded the NCHSAA Tim Stevens Media Representative of the Year and named CNHI Sports Editor of the Year in 2014. He has also been honored four times by the North Carolina Press Association.

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