Hickory Deputy City Manager Rodney Miller previewed the city’s proposed budget this week, revealing a spending plan that would keep taxes at the current rate but raise some fees.
Miller discussed the budget at the Hickory City Council’s annual retreat on Thursday.
While last year’s budget included a 4-cent tax increase to fund the city’s general obligation obligations, the proposed budget for the next fiscal year, which begins July 1, would keep the tax rate at 62.75 centers for every $100 of value.
In total, the city raised taxes by about 6 cents to fund the bonds, which are used to fund major city revitalization efforts such as City Walk and Riverwalk. City leaders said last year’s tax increase was the last that will be needed for the bonds.
The city’s water and sewer charges are expected to increase by 3%. Miller said that would add $1.73 to the average bill of $57.68.
Additionally, the solid waste charge is expected to increase from $1 to $26 per month.
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Hickory City Council is scheduled to hold a public hearing on the budget at its June 7 meeting.
Kevin Griffin is the Hickory City Reporter at the Hickory Daily Record.
