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The original item was published from 6/3/2020 7:07:00 PM to 7/1/2020 12:00:04 AM.

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Posted on: June 3, 2020

[ARCHIVED] North Wilkesboro Board of Commissioners approves FY20-21 town budget

[North Wilkesboro, NC, June 3, 2020] Earlier this evening, the North Wilkesboro Board of Commissioners approved the town’s budget for fiscal year 2020-2021.

Town Manager Wilson Hooper released his recommended budget for the fiscal year beginning July 1, 2020 in early May. His recommendation included policy guidance and spending priorities expressed by the Board of Commissioners at their annual work retreat in March, and two dedicated budget workshops in April.

The document can be viewed at the link below.

The budget contains no significant cuts to services, and maintains the Town’s property tax rate at $.52 per $100 of valuation.

The budget is approximately 2% smaller than the current year budget, but almost 10% smaller than where the town expected to be prior to the start of the coronavirus crisis. The Town expects to see sustained dips in sales tax revenue and investment earnings. 

The proposed budget does contain a recommended 2% increase in regular water/sewer rates, and an increase of $.09 to the wholesale water rate over each of the next two years. For an average in-town household, this amounts to about $1.15 more per month. The additional proceeds from this rate increase will be used to pay for a new elevated water tower, an upgrade to the town’s water treatment plant, and other significant capital improvements over the next few years.  

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