In a nutshell
Officials held a public hearing for the town’s proposed budget, proposed tax rate and capital improvement plan during an Aug. 26 council meeting. The budget plans for $28.5 million in revenue and $38.5 million in expenditures, according to a staff presentation.
The FY 2024-25 tax rate has been proposed at $0.415469 per $100 of taxable valuation, which is the same tax rate that was passed by council last year.
Breaking it down
Nearly $16.4 million in expenditures have been budgeted through the town’s general fund, which is used to cover the cost of daily operations. The general fund plans for a 3% cost-of-living raise for town employees and merit-based raises capped at 2%.
Expenses have also been budgeted to replace four vehicles for the Fire/EMS department and police department, according to the presentation. Other key highlights include:
Funding for the Taste of Trophy Club and Christmas in the Park events have been moved from the general fund to the hotel occupancy fund.
A budget of $250,000 has been allocated to the park fund for a parks master plan.
The community pool budget was separated from recreation in order to better track expenses.
Also of note
The capital improvement program plans for nearly $15.4 million to be spent on a combination of road projects, various sidewalk repairs, traffic improvements and pickleball courts, according to the proposed budget.
Road projects include:
- Forest Hill Drive street replacement
- $1.77 million
- Paint Rock Court street replacement
- $410,000
- Palmetto Court street replacement
- $810,000
- Parkview Drive sidewalk replacement
- $80,000
- Durango Drive sidewalk replacement
- $45,000
Town officials have also budgeted $4.5 million to enhance traffic along Bobcat Boulevard. A report presented to council members in July made several recommendations for improving traffic flow along Bobcat Boulevard including installation of a traffic light and a roundabout.
