NEWTON, NC (June 7, 2017)— The Newton City Council adopted the 2017-2018 budget at their June 7 meeting.
The adopted budget maintains the current property tax rate of $0.54 per $100 of assessed property value.
The adopted budget includes a 3 percent rate increase for both water and wastewater customers to meet operational requirements and capital needs. The bill for an average customer who uses 3,665 gallons of water per month will increase from $26.92 to $27.73 per month. The bill for an average customer who produces 3,665 gallons of wastewater per month will increase from $33.68 to $34.69 per month.
Electric rates remain unchanged in the adopted budget.
The proposed budget included $65,000 for street resurfacing, repair, and maintenance. City Council voted to appropriate an additional $500,000 for street resurfacing, repair, and maintenance, bringing the total appropriation to $565,000. An additional $100,000 was appropriated for sidewalk construction, reconstruction, and repair
A proposed budget was first presented by City Manager Todd Clark at the regular City Council meeting on May 2.
City Council began deliberation of the proposed budget on May 4 at a budget workshop held in the Council Chamber at City Hall. Additional workshops were held May 9, 16, and 17 in the Council Chamber. The final budget was adopted after a scheduled public hearing at the June 6 City Council meeting.
The adopted budget continues to move the city forward in accordance with the 2015 City of Newton Strategic Growth Plan. The budget will allow the city to replace aging infrastructure and equipment, initiate the Downtown Newton Streetscape Project, complete a wayfinding project, initiate a branding initiative, generate private sector interest in Newton’s core business district, and support various organizations and events that generate further interest in Newton.
Click to view the 2017-2018 budget. Click to view the 2017-2018 fees and charges.