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Princeton adopts FY2025–26 budget; town administrator authorized to match Johnston County fire tax
Summary
The Princeton Board of Commissioners approved a fiscal 2025–26 budget that holds the town tax rate at 47 cents, sets a 12-cent fire tax subject to adjustment to match Johnston County, updates the fee schedule (including a billing approach for backflow testing), and adopts a new pay-classification schedule.
The Princeton Board of Commissioners on June 16 adopted a fiscal year 2025–26 budget and approved related fee and pay-classification changes, while authorizing Town Administrator Tia King to adjust the town's fire tax rate to match whatever Johnston County sets.
The budget presented by town staff includes a water and sewer fund of $1,580,928, a water and sewer reserve of $136,953 and a general fund contingency listed as $108,084. The proposed property tax rate is 47 cents (an 8-cent decrease from fiscal 2024–25); the proposed fire tax is 12 cents (a 2-cent decrease). Town staff asked the board to allow the administrator to change the fire tax line if Johnston County adopts a different rate so the town's contract with the fire department will not be breached.
Town Administrator Tia King summarized the package as "the fiscal year 25 26 budget, the fee schedule, and the new pay reclassification schedule" and…
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