Henderson’s Proposed Budget Totals $42M, Includes Water Rate Increase

Maria Parham Medical Center Left Background Ad
joel t cheatham insurance

Frank Frazier, city manager for the City of Henderson, has submitted the FY20 recommended budget to the Henderson City Council for the period beginning July 1, 2019, and ending June 30, 2020.

A Public Hearing on the recommended budget will be held in the City Council Chambers, City Hall, 134 Rose Avenue, Henderson, NC, on Monday, May 20, 2019, at 6 p.m.

The public is invited to attend, submit written comments, make oral comments and/or ask questions about the budget, in whole or part, during the Budget Public Hearing period.

No property tax, sewer or regional water increase is recommended. A water rate increase of 2.5% is recommended.

A summary of the FY20 Recommended Budget is provided below:

GOVERNMENTAL FUNDS

General – $17,370,810

Powell Bill – $831,370

ENTERPRISE FUNDS

Water – $8,218,770

Sewer – $5,156,000

Regional Water – $5,060,000

CAPITAL RESERVE FUNDS

Utilities – $184,240

Economic Development – $16,440

Regional Water -$5,071,140

Rate Stabilization – $3,091,000

Subtotal – $44,999,770

Less Inter-fund Transfers – ($2,729,740)

TOTAL: $ 42,270,030

Prior to the Public Hearing, the City Council will hold budget workshops to review, make comments or ask questions about the proposed budget. Subsequent to the Public Hearing, the City Council may further adjust and/or adopt the budget.

Budget adjustments may include, but are not limited to, increasing or decreasing revenue or expenditure estimates, the proposed property tax rate, utility rates or the sanitation fee.

The proposed budget will be placed on the agenda for approval at the Henderson City Council’s June 10, 2019, meeting.

A copy of the FY20 Recommended Budget is available for public inspection in the office of the City Clerk, 134 Rose Avenue, Henderson, NC, during normal business hours.

To view the FY20 Recommended Budget on the City of Henderson’s website, click here.

Connect With The Author

Related Posts

Boyd Cheverolet
granville tourism – desktop ad

C & P Body Shop 1
C & P Body Shop 2
C & P Body Shop 3
Home Credit 3
Edward Jones
Servepro – Desktop
Michael’s Florist – Desktop

Archives

Maria Parham Medical Center Left Background Ad