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Fayetteville officials set Oct. 1 property-payment period with in-person partial payments; special call meeting set Sept. 15 for CD decision
Summary
City Administrator Kevin Owens said Oct. 1 begins the property payment period; partial payments will be accepted only in person or by mail. The finance team reported tax and occupancy collections for August and announced a special call meeting to decide on a maturing CD.
City Administrator Kevin Owens told the Board of Mayor and Aldermen on Sept. 9 that Oct. 1 begins the property-tax payment period and that, following a board suggestion, the city will accept partial payments this year but only in person or by mail because of software limitations.
"Partial payments must be done in person or by mail," Owens said, adding that the city is working to notify the public about the new process. He said the policy will remain in effect through Feb. 28, after which penalties will apply to unpaid balances.
Owens reported the finance director is out on medical leave and that an interim finance team — including Debbie, Natalia and Candice — is meeting weekly to handle transactions. He also said the city learned that a certificate of deposit (CD) will mature next week and asked for a special call meeting on Monday, Sept. 15, at 5 p.m. so the board can vote on options for the funds.
The interim finance report for August included the following figures as reported at the meeting: local sales tax of $332,100,264 (reported in the meeting record), state sales tax of $78,403 and occupancy tax receipts of $15,486. The presenter said the local sales tax figure represented a 0.18% decrease from the same period last year, the state sales tax represented a 2.95% increase, and occupancy tax showed a 4.13% increase from the prior year.
Owens asked board members to contact the finance office with any concerns; he said the next finance meeting would be Monday, March 15, at 8:45 a.m. (as stated in the meeting record) and reiterated the special call meeting for Sept. 15 to address the CD maturity.
Ending The board set the special call meeting to consider reinvestment or disposition options for the maturing CD and moved on to other department reports.
