Misenheimer’s proposed $684,660 budget to keep property tax at 22 cents
Published 3:07 pm Tuesday, May 23, 2023
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The Village of Misenheimer’s 2023-2024 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 $684,660, a 17% decrease from FY 2022-2023, which was $829,485. This includes $416,250 for police and public safety, $164,463 for general government and $60,000 for capital outlay.
There are no major capital projects budgeted, according to Village Administrator Anita Blair.
The revenue totals $684,660 and includes $276,025 in unrestricted intergovernmental revenues, $270,122 in sales and services and $70,197 in restricted intergovernmental revenues.
Pfeiffer University is renewing the contract for police services for fiscal year 2023-2024 at $270,122. The five-year contract is set to expire next fiscal year, Blair said.
A public hearing will be at 6 p.m. June 12 at the Misenheimer Community Building to review and discuss the proposed budget.
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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