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Morganton council adopts FY2025–26 budget, approves contracts and a series of funding measures
Summary
At a June special meeting, the Morganton City Council adopted its FY2025–26 budget and a package of related items including fee schedules, pay ranges, multiple budget amendments, contracts for infrastructure and services, and a resolution to seek state SRF grant funds for a regional water interconnection.
MORGANTON — The Morganton City Council at a June special meeting adopted the city’s fiscal year 2025–26 budget and approved a series of related ordinances, contract awards and budget amendments.
The council held a public hearing on the proposed FY2025–26 budget before voting to adopt a budget ordinance that keeps the regular tax rate at $0.50 per $100 of assessed value and maintains electric rates. The budget as presented included a 10% increase in water volume charges, a 5% increase in sewer volume charges, and a $5-per-month increase in the TV (Compass) portion of a monthly charge effective in January. The council also separately adopted the schedule of fees and charges and set pay ranges for the new fiscal year, which include a 3%…
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