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Cornelius News

Town budget: It looks like taxes will remain level

May 6. By Dave Vieser. The 2022 Fiscal Year budget is scheduled to be released during Monday’s May 17 Town Board Meeting. Unless there is a last-minute change, no increase in the town’s tax rate is expected.

Commissioner Mike Miltich said town officials are aware of the financial impact the pandemic has had on many residents.

“I am happy to say the Town Manager has crafted the budget that accomplishes this objective while still providing the same level of Town services that our citizens expect,” Miltich said.


Some expenses are down

Although the town has absorbed reductions in revenue—especially within the Parks Department due to the pandemic—expenses have also been lowered while tax revenues remain strong, according to Town Manager Andrew Grant.

The final items which the town is still finalizing are merit increases for employees and salaries for police.

Town rate likely stays at .222

The current town tax rate is 0.2220 per $100 assessed value, among the lowest in the region. The town’s share of property taxes account for about a quarter of a typical property tax bill.

At the May 17 meeting, a public hearing will begin on the budget to give residents a chance to comment. The hearing will be continued to June 7 to provide additional time for the proposed fiscal plan to be reviewed for comments.

The new budget goes into effect July 1.