Richfield’s $646,000 budget keeps property taxes at 22 cents
Published 8:00 am Friday, June 10, 2022
- Town of Richfield, North Carolina
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The Richfield town council recently approved the ordnance of its 2022-2023 budget, which would keep the property tax rate at 22 cents per $100 valuation.
Totaling $646,185, the budget, which takes effect July 1 and runs through June 30, 2023, is about 53 percent more than the 2021-22 budget, which was $423,000.
The budget includes $213,000 for administration, $123,000 for parks and recreation, $85,000 for Powell funds, $83,000 for police and $43,000 for trash collection. Key appropriations include $83,000 for the Thread Trail, $75,000 for employee salaries and $60,000 for paving.
The revenue, which also totals $646,185, includes $177,000 in property taxes, $175,000 in sales tax and $50,000 in franchise tax.
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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