Mount Holly Council reviews balanced budget with new tax and utility rate proposals

The Mount Holly City Council has unveiled a balanced budget for the upcoming fiscal year, maintaining the current tax rate while planning for essential service improvements. The proposed budget, presented on May 19, 2025, features a tax rate of 40.5 cents per $100 of assessed value, which is projected to generate approximately $304,644 for the general fund.

Key highlights of the budget include a 12% increase in water rates and a 6% increase in sewer rates, based on a recent rate study. However, there will be no changes to the city's garbage fees. The budget also outlines significant debt service commitments, totaling $1,696,357 for the general fund, which includes financing for various infrastructure projects such as the 2022 paving project and the new fire station.

The council anticipates a strong financial outlook, with expected increases in property taxes, sales and use taxes, and utility franchise taxes. The enterprise debt is projected to rise to $2,550,868, largely due to new loans for wastewater treatment and water tank projects.

A public hearing on the budget is scheduled for June 9, 2025, at 7 PM in the council chambers, allowing residents to voice their opinions before the council votes on the proposal. The budget is available for public review at the municipal complex and online.

City Manager Blanton expressed gratitude to the finance team for their diligent work in preparing the budget, emphasizing its role in supporting ongoing projects and initiatives that cater to the community's growth. The budget is set to be implemented on July 1, 2025, marking a significant step in Mount Holly's commitment to fiscal responsibility and community development.