The Granville County Board of Commissioners approved an $87 million budget earlier this month that calls for a 63-cent tax rate per $100 valuation.
The lone dissenter in the budget adoption vote was Commissioner Russ May.
The tax rate dropped 21 cents from 84 cents after the county’s most recent revaluation.
The Fire Protection Service District tax rate of 6 cents per $100 valuation will remain the same and is estimated to generate more than $3.39 million in revenue.
Highlights of the budget include:
- an increase in close to $5 million in expenditures over the 2023-24 budget, mostly in the areas of public safety, education (Granville County Public Schools and Vance-Granville Community College) and to support long-term capital needs across the county
- funding merit pay will cost about $809,000 and rewards employees up to 4 percent, which County Manager Drew Cummings said in is “critical to improve retention rates and continuously encourage high performance standards…”
- the more than $8 billion tax base will generate more than $54 million in revenue, assuming a better than 98 percent collection rate
- no money will be taken from the county’s fund balance
The full budget document is available to view on the Granville County website: https://www.granvillecounty.org/