Courthouse

2018-2019 City of Newton Budget

NEWTON, NC (June 6, 2018)—Newton City Council adopted their 2018-2019 budget at the June 5 City Council meeting.

The adopted budget maintains the current property tax rate of $0.54 per $100 of assessed property value.

The budget includes a decrease in electric rates due to lower operating costs at the Catawba Nuclear Station, which provides power to Newton’s electric customers. Residential customers will see a 4 percent electric rate decrease, and industrial customers will see a 1 percent electric rate decrease.

Residential tipping fees will be increased by $0.75 per month. The total monthly fee for residential sanitation services will increase from $12 per month to $12.75 per month, which includes an increased residential tipping fee of $4.75 combined with the current residential refuse collection fee of $8. The fee increase is proposed due to an expected rise in landfill fees at the Blackburn Landfill.

The budget includes a 2 percent rate increase for both water and wastewater customers to meet operational requirements and capital needs while maintaining financial stability. The bill for an average customer who uses 3,665 gallons of water per month will increase from $27.73 to $28.28 per month. The bill for an average customer who produces 3,665 gallons of wastewater per month will increase from $34.69 to $35.40 per month.

The proposed budget included $114,400 for street resurfacing, repair, and maintenance. City Council voted to appropriate an additional $185,600 for street resurfacing, repair, and maintenance, bringing the total appropriation to $300,000.  The proposed budget included $30,000 for sidewalk construction, reconstruction, and repair. City Council voted to appropriate an additional $50,000 for sidewalk construction, reconstruction, and repair, bringing the total appropriation to $80,000.

Mayor Anne P. Stedman thanked her fellow council members and city staff for their hard work in drafting the budget.

“I am pleased that our City Council was able to work together and adopt this year’s budget by maintaining the current property tax rate and even reducing rates for our electric customers,” Newton Mayor Anne P. Stedman said. “This budget will allow us to continue building a bright future for our city by providing a high level of service to our citizens while preserving the city’s financial stability. We will soon see the first phase of construction begin for the Downtown Newton Streetscape Revitalization Project, as well as the replacement of aging infrastructure and equipment throughout the city, completion of our wayfinding project, and implementation of our new branding and marketing initiative. I am also proud that we will continue to support for various organizations and events that are essential to ensuring Newton remains a small city with big possibilities for new generations.”

City Manager Todd Clark presented the proposed budget to City Council at the regular City Council meeting on May 1. Council members discussed the budget during public workshops at Newton City Hall on May 8 and 10. The budget was adopted after a public hearing at the June 5 City Council meeting.

To view the complete approved budget, click here.