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FY2020 Budget Facts-at-a-Glance

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The complete FY 2020 Budget will be available online by July 1.

Total Budget Expenditures

$53,932,691 for all funds (General Fund, Water and Sewer Fund, Golf Course Fund, Chestnut Grove Cemetery Fund, Downtown Parking Enterprise Fund and the Capital Projects Funds). The total reflects a decrease of 10.4 percent from the FY 2019 budget of $60,222,260.

General Fund Recurring Budget Expenditures

FY 2020 General Fund recurring expenditures are $36,336,252, an increase of $1,145,021, or 3.3 percent, over the FY 2019 recurring General Fund expenditures of $35,191,231. This includes personnel, operations and maintenance, debt service and minor capital (excludes transfers).

General Fund Total Expenditures

FY 2020 General Fund expenditures are $37,266,252, which reflects an increase of $1,050,021 or 2.9 percent more than the FY 2019 adopted budget.

Real Estate Tax

Remains at $0.2650 per $100 of assessed value.

One Penny on the Real Estate Tax Rate

Equivalent to approximately $465,333 in tax revenues (includes assessed value of public service corporations and real property assessments).

Average Residential Property Value

Projected at $401,314. 

Average Residential Real Estate Tax Bill

$1,063.48 based on $0.2650 per $100 assessed value.

Personal Property Tax Rate

Remains at $0.00 per $100 assessed value.

Meals Tax

Increase by one and one-quarter percentage point from 2.5 percent to 3.75 percent.

Cigarette Tax

Remains at 75 cents per pack.

Business Professional and Occupational License Tax

All classifications and thresholds remain at the current amounts.

Motor Vehicle License Fee

Remains at $25 for private passenger and other vehicles weighing less than 4,000 lbs., and $32 for vehicles weighing in excess of 4,000 lbs. 

Consumer Utility Tax

Tax based on the purchase of utility services within the corporate limits of the town. The amount of the tax for residential consumers contains a monthly cap of $3 per utility.

Sewer Service Rate

Increased from $5.78 in FY 2019 to $6.19 per 1,000 gallons of water consumption in FY 2020.

Sewer Availability Fee

Remains at $10,800 in FY 2020 for new, single-family homes.

Sewer Lateral Repair and Replacement Program

Remains at $2 per year ($0.50 per quarter). 

Water Service Rate

Increased from $3.06 in FY 2019 to $3.16 per 1,000 gallons of water consumption in FY 2020. Peak rate increased from $5.23 in FY 2019 to $5.38 in FY 2020. Service charge increased from $8.84 to $8.97.

Water Availability Fee

Remains at $7,800 in FY 2020 for new, single-family homes.

Recycling Fee

Increase from $16 per year ($4 per quarter) to $32 per year ($8 per quarter).

Personnel

Costs for all funds total $28,062,880, an increase of $805,359 when compared to FY 2019.