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Waynesville staff present FY2025-26 budget; recommend 10% sewer rate increase, public hearing set for May 27
Summary
Town staff presented a proposed $40.1 million FY2025-26 budget that holds most rates steady but recommends a 10% sewer rate increase to cover the town's first loan payment for a new treatment plant; council set a public hearing for May 27 and accepted the proposal for information.
Town of Waynesville staff presented the proposed municipal operating and capital budget for fiscal year 2025-26 and recommended a 10% increase to the sewer rate to cover the town's planned debt service on a new wastewater treatment plant.
"This is the moment we always look forward to every year. In accordance with the provisions of the North Carolina general statute, your staff presents the proposed municipal operating and capital budget for fiscal year 2025-26," Rob (staff member) said as he opened the budget presentation. Ian (staff member) walked the council through the revenue and expenditure details.
The staff packet recommends a combined town budget of $40,144,415 for FY2025-26. Staff told the council that overall revenue growth is constrained: a state moratorium on new connections to the sewer system has limited growth of the tax base, sales tax growth has slowed, and the county postponed a…
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