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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 to, 4¢ increase. So that would land us at 62, cent per 100," the presenter said while walking through a slide showing the proposed distribution of each dollar among city functions.
Nut graf: The recap was presented as part of the public hearing and staff made detailed copies of the packet available to council and the public for review; council members asked for a printed copy and staff confirmed it was available.
Staff walked through an illustrative breakdown of each dollar in the operating budget: approximately 40 cents of each dollar toward public safety (police and fire), 22 cents to public works/engineering, 11 cents to parks and recreation, 12 cents to administration, 6 cents to the event center and 3 cents to development services. The utility fund illustration showed wholesale energy costs at 41 cents, operating expenditures at 29 cents, capital outlay at 16 cents, wages/salary at 12 cents and debt service at 2 cents.
Staff said the proposed fiscal-year-26 operating budget is roughly $4.7 million less than the adopted fiscal-year-25 budget and that packet copies with additional detail would be made available to the public. A council member requested and staff confirmed a copy would be provided at the meeting.
Ending: Staff closed the budget recap and the meeting proceeded to other items and the public hearing; no final vote on the budget was recorded during the segment summarized here.
