Annual Operating Budget

Town Council adopted the FY 2020 Annual Operating Budget and Capital Investment Budget on June 11, 2019.  The budgets work towards Building Capacity and demonstrates commitment  to strategic priorities and creative vision for meeting the needs and expectations of the community stakeholders while keeping a responsible long-range focus on the Town's future.

Key Priorities Included in Adopted Budgets:
  •  Transportation Mobility Improvements
    • NC54 Corridor Congestion Mitigation - Airport Boulevard Extension Phase I
  • Mobilizes Public Safety Improvements
    • Fire Station(s) Planning
    • Officer Safety & Major Equipment Replacement
    • Traffic Signal Pre-emption
  • Enhancement of Parks & Facility Amenities
    • Design Crabtree Nature Park & Morrisville Community Park PH II
    • Existing Park ADA Elements, Fitness Stations, & Upgrades
  • Commitment of Resources to do Good Work
    •  New Position Investments
    • Tools to Execute Projects & Initiatives
    • Reward & Recognition of Skills & Merit
  • Program Expansion & Enhancements
    • Planning for MAFC Re-Opening
    • Senior Program Needs   
  • Dedication of Continued Maintenance of Assets
    • Streets, Facilities & Equipment
  • Outreach & Access
    • Innovation, Promotion & Engagement
  • Building Reserves for the Future
  • Affirms CIP Planning for Future Priorities
    • Affordable Housing
    • Transit Oriented Development
    • Greenways
    • Land Acquisition
    • Town Center

Budget Highlights

  • Annual Operating Budget - $35,958,300 (General Fund & Stormwater)
  • Capital Investment Budget - $6,769,900
  • Tax Rate: remains $0.39 per $100 of valuation
  • Vehicle Decal Fee: remains $30 per residential vehicle
  • Stormwater Fee: remains $25 per ERU
  • User Fees: Moderate adjustments to various user fees for cost recovery to provide services
  • 12 New Full-time Positions: 4 Public Safety Positions, 3 Development Services, 3 Parks & Recreation, & 2 Public Works; 3 3/4 time Positions Parks & Recreation
  • Less than 3% Fund Balance Appropriation for Capital Outlay
  • Leveraging Positive Economy, Growth in Resources and Use of Reserves

 

 

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