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Clayton council adopts midyear budget amendment; staff flags 60% revaluation increase
Summary
Council adopted Ordinance 2025-513 approving midyear budget adjustments. Staff reported a healthy fund balance, possible use of PayGo for library renovations, limited obligation bonds for public safety complexes, planned staffing conversions, and a projected property revaluation increase of about 60 percent that could affect next year’s tax rate.
The Clayton Town Council voted to adopt Ordinance 2025-513 on a voice vote after a midyear budget presentation from town staff.
Town staff reported the town’s fund balance remains healthy, with approximately $1.7 million above the 30 percent target reserve. Staff said that discretionary funds could be programmed for priorities identified in the council’s strategic plan and the upcoming FY 2026 budget discussions.
Staff discussed several midyear recommendations: converting several part-time…
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