BOONVILLE — Boonville officials are proposing increases in property tax rates as well as water and sewer rates for the 2018-19 fiscal year.
The Boonville Board of Commissioners will conduct a public hearing on Thursday at 6 p.m. in the Harvey E. Smith Municipal Building located at 108 N. Carolina Ave., with an open session to follow. The hearing will be on the proposed town budget.
The proposed budget does include an increase in water and sewer rates to pay for ongoing water and sewer infrastructure upgrades, according to Town Administrator Sarah Harris. The base rate for water and sewer will increase by $1 for inside town limit usage, with a slight decrease also for the cost of each additional 1,000 gallon usage.
The proposed water and sewer rates, if the budget is approved as presented, will increase to $21 base rate for water inside town limits and $36.50 for outside, $21 for base sewer inside and $36.50 for outside, but the rates for per-1,000 volumetric usage after the base will decrease to $3.15 for inside water, $6.30 for outside water, $8.40 for inside sewer and $16.80 for outside sewer.
The proposed 2018-2019 fiscal year budget also is presented with a 1-cent tax increase, bringing the rate to 49 cents per $100 valuation of property.
The increase of the rate for property taxes was proposed based on the closing of Parkdale Mills, said Harris. The anticipated loss of revenue was calculated on the value of equipment at $5,830,139 and was expected to net in a loss of nearly $27,984.66 in the General Fund.
She said significant cuts were made throughout each department to offset this decrease in revenue.
“However, in order to continue providing the same level of service to our residents there was a need for a minimal increase of 1 percent in property taxes. Tipping fees (trash) are being charged at the town’s actual cost to Waste Management and will remain at the same rate,” Harris said.
Major expenditures for the coming fiscal year include Phase I payment of the water loan of $35,242.15, which is expected to be paid in May of 2019. A second interest payment is due Nov. 1, 2018, the amount has yet to be determined. Anticipated Phase II payment not yet released.
Phase I payment of the Sewer Loan of $16,759.70 for the Hurt Creek Outfall line has been paid. A second interest payment is due November 1, 2018, the amount has yet to be determined.
The budget can be viewed at Town Hall.
“We are in the process of working with our website provider to post it on the website as well,” said Harris.