HOPE MILLS — The Board of Commissioners will hold a public hearing Monday to get residents’ feedback on the proposed new fee schedule and fiscal year budget for 2023-24.
The board is scheduled to meet at 7 p.m. in Town Hall.
After the hearing, the board may vote on adopting the proposed budget ordinance and fee schedule. A final copy of the proposed budget will be handed out at the meeting.
The board must adopt an annual budget ordinance or an interim budget by July 1. The town’s staff recommends adopting the proposed spending plan.
Last year, the operating budget was $15.5 million, which kept the property tax rate the same as the previous year. However, this year the general budget increased to $16,728,950.
According to the meeting agenda, the property tax rate under the new budget would be 50 cents per $100 property valuation.
That would be an increase of 4 cents over last year.
Also according to the agenda, the budget includes a parks and recreation fee of 5 cents per $100 property evaluation.
Anyone who wants to speak during the hearing is asked to sign up with the town clerk before the meeting and to limit their comments to three minutes.
Under new business, the board is expected to set a public hearing for June 20 to discuss a contiguous annexation of 2.3 acres that belong to Fayetteville (Chickenfoot) WW LLC at the intersection of Corporation Drive and Chickenfoot Road.
Notable items on the consent agenda include:
