Throughout Morrisville, the Town has proclaimed that no tax increase is being proposed. In a special public "open house" at Town Hall, press releases to all local media, mailings to all citizens, and on the Town website, the public has been provided details of the planned budget and tax rate for the 2009-2010 fiscal year.
The current property tax rate of 36.65 cents per $100 of assessed value is being proposed for another year. Also, vehicle fees are being held at $5 per vehicle. The total recommended operating budget for the new fiscal year is $20,072,994. This is 8.5% lower than the current budget.
Citizens have praised the Town staff for proposing a lean budget. Many residents recall last year's proposal to raise property taxes 19% which was stopped by overwhelming community protest. At the recent Town Council meeting on May 12, Council Members complimented the staff for their efforts in holding the line this year.
The reduced budget will allow departments to provide critical services with the least possible impact on service levels. Finance Director, Julia Ketchum stated, "I think we can use the economic crisis to make significant improvements to our financial management practices." The main reason for the projected revenue shortfall is that Morrisville didn't bring in as much money through things like developer fees as it had projected.
The public is invited to comment on the budget at the Town Council public hearings scheduled for Tuesdays, May 26 and June 9. The Council will vote on the new fiscal year operating budget on Tuesday, June 23. Citizens may also send email to: TownCouncil@ci.morrisville.nc.us
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