Misenheimer’s proposed $829,000 budget to keep property tax at 22 cents
Published 9:09 am Wednesday, June 8, 2022
The Village of Misenheimer’s 2022-2023 proposed annual budget recommends the property tax rate remain at 22 cents per $100 valuation.
Additionally, 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 $829,485, a 35 percent increase from FY 2021-2022, which was $612,683. This includes $386,645 for police and public safety, $156,965 for general government and $133,406 for capital grant projects through Carolina Thread Trail and American Rescue Plan.
Specific expenditures detailed in the budget include $60,000 from the Powell Bill fund for railroad crossing at Wesley Chapel Road, $47,500 for a Dodge Charger, $43,000 for a Ford F-150, $24,600 for Gladstone Academy improvements, $10,000 for the 20-year anniversary celebration and $8,200 for nine bullet proof vests.
The revenue totals $829,485 and includes $262,254 in sales and services, $247,725 in unrestricted intergovernmental revenues and $193,406 in restricted intergovernmental revenues
Pfeiffer University is renewing the contract for police services for the upcoming fiscal year at $262,254.
Pay increases of five percent are budgeted for the upcoming fiscal year with the primary focus of bringing police salaries in alignment with peer communities and the 401(k) plan employer contribution will remain at five percent for employees eligible to participate in the 401(k) plan.
A public hearing will be at 6 p.m. June 13 at the Misenheimer Community Building 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.