On Monday night, the Henderson City Council approved the fiscal year 2016-2017 budget.
There was little discussion before the final budget of $38,065,594 was adopted. The budget review process has been underway for the past six weeks.
Set was the property tax rate at $0.712 to each $100.00 in valuation on taxable property. Despite an increase of .092 (9.2 cents) from this year’s budget, it is not believed that many folks will see an increase in their property tax payments. Many properties in Vance County suffered a 12-to-15 percent decrease in value in the most recent valuation completed.
Water rates increased by three percent. The vehicle tax increased from $10.00 to $30.00.
The demolition funds for property jointly owned with Vance County was established at $33,000, down from the original proposed $80,000. The remaining $47,000 will be held in contingency and will be utilized if or when the County increases its funds for further demolition.
The adopted budget does include more funds for the Henderson Downtown Development plan.
