Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mocksville presents first draft FY 2526 budget, highlights $1 million water-tank project and rate options
Summary
Finance director Lynn Trivedi presented the town's first draft FY 2526 budget, including a $1 million North Elevated Tank in the enterprise fund, two water/sewer rate scenarios (water +6% with sewer +10% or +14%), and a $4.9 million state grant for downtown projects; board directed follow-up at a workshop.
Finance director Lynn Trivedi presented the first draft of Mocksville’s FY 2526 budget, emphasizing a $1 million North Elevated Tank as a capital priority and two alternative water and sewer rate scenarios that the board will review further in a budget workshop.
Trivedi told the board the enterprise fund draft is balanced and described the North Elevated Tank as “not one we can cut,” noting the project is in the town’s five‑year capital improvement plan and that leftover ARP funds (an example letter cited for $784,000) could reduce the town’s share. She said the town received a consultant study recommending rate adjustments to sustain water and sewer maintenance and the new water plant coming online in 2026.
The study produced two scenarios: both include a 6% water…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
