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Rocky Mount staff presents budget recap; proposes 4-cent increase to property tax rate to 62 cents per $100
Summary
Staff recapped the proposed operating and utility budgets, showing allocations by department and a recommended 4-cent tax-rate adjustment that would increase the rate from 58 to 62 cents per $100 of assessed value; staff made packet copies available for the public hearing.
Staff provided a budget recap during the public hearing portion of the meeting, reviewing the operating and utility fund allocations and the proposed adjusted property tax rate.
The staff presentation summarized major allocations in the operating budget of about $279 million and a proposed tax-rate adjustment of 4 cents that would move the rate from 58 cents to 62 cents per $100 of assessed value. "Right now it's currently at 58¢ and we were advised to adjust that…
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