Boone Town Council Approves $22.2M Budget

Published Friday, June 22, 2012 at 7:55 am

June 22, 2012. The Boone Town Council approved its $22.2 million budget in a 4-1 vote. Council Member Jamie Leigh was the lone dissenter. She voted nay because she didn’t approve of an allocation to the Watauga County Public Library. See here for more on that. Scroll below for budget summary and budget highlights, or click here to view entire budget

Budget Summary:

  • General Fund – $12,445,205
  • E-911 Fund – 134,155
  • Narcotics Enforcement – $24,100
  • Rural Fire Service District – $691, 586
  • Municipal Service District – $112,436
  • Insurance Fund – $1,752,500
  • Water and Sewer Fund – $7,032,203

Highlights of the budget include:

  • Property tax rate to remain the same at $0.37 per $100 valuation, with revenues projected at a 97.5 percent collection rate

  • Cost of living raise is recommended at 3 percent; health and dental insurance maintained with no added expenses; and request to add two full-times employees and one part-time employee for Cultural Resources program

  • Town’s allocation for 911 Telephone Fund increases $2,438 annually

  • Rural Fire Service District tax rate increases $.01 to $.05 for $100 valuation for funding a future third fire station, with revenues projected at 95 percent collection rate

  • Municipal Service District revenues budgeted at $0.21 per $100 valuation, reflecting a 96.75 percent collection rate in accordance to Watauga County’s appraised values

  • Increases for water and sewer minimums are proposed at $.25 for residential and commercial accounts; inside city consumption rates are proposed to $.25 per 1,000 gallons in each tier; inside city usage rates for sewer are proposed to increase $.25 per 1,000 gallons for residential and commercial accounts; rate increases for outside accounts are proposed at $.50 per 1,000 gallons in each tier for both residential and commercial; water consumption rates for outside customers are proposed to increase $.50 per 1,000 gallons in each tier for both residential and commercial; and sewer usage for outside city limits is proposed to increase $.50 per 1,000 gallons for residential and commercial

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