Stanfield’s proposed $2.4 million budget keeps tax rate at 32 cents; fees may go up
Published 3:16 pm Friday, May 6, 2022
The 2022-2023 proposed budget for the Town of Stanfield recommends the property tax rate remain at 32 cents per $100 valuation — the same rate as in past years.
The town’s overall budget totals about $2.4 million, a marked increase compared with the FY 21-22 budget, which totaled about $1.95 million. The monies will be split between the general fund (used for governmental activities) and the enterprise fund (water and sewer operations).
The town’s water and sewer rates are slated to each go up four percent come July, according to Town Administrator Bridgette Helms.
Capital projects include $250,000 for repaving South Love Chapel Road, $175,000 for completing all elements of the PARTF grant for Pete Henkel Park, such as major renovations to the existing concession stand restrooms and adding disc golf, and $70,000 for purchasing monitoring equipment for the sewer system.
The proposed General Fund totals $1.34 million, down from the $1.48 million for last fiscal year, and about 57 percent of the total budget. It includes $415,500 for maintenance, $366,500 for parks and recreation, $275,000 for public safety, $127,000 for environmental and sanitation, $111,000 for general government and $45,000 for transportation Powell.
The proposed Enterprise Fund totals $523,000, up from $475,000 last fiscal year. It includes $301,000 for sewer operations, $150,000 for water operations and $72,000 for the water and sewer department.
The first half of money the town received through the American Rescue Plan — $246,000 — is being allocated toward staff salaries. Stanfield will receive the second part next year.
The town will introduce the budget and have a public hearing during the June 2 council meeting.