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Newton City Council adopts $51.34 million FY2023–24 budget, sets property tax at $0.45 per $100
Summary
The Newton City Council on June 13 adopted the Fiscal Year 2023–2024 budget and Ordinance 2023-44, authorizing $51,340,765 in revenues and appropriations and levying a property tax of $0.45 per $100 valuation. The council approved the measure 5–1 after City Manager Sean Hovis outlined post‑public‑hearing adjustments including staff reductions and an $819,000 fund balance appropriation.
The Newton City Council adopted the Fiscal Year 2023–2024 budget and Ordinance 2023-44 on June 13, authorizing $51,340,765 in total revenues and appropriations and levying a property tax rate of $0.45 per $100 valuation.
City Manager Sean Hovis told the council that staff used a Local Government Commission worksheet and Catawba County data to calculate a revenue‑neutral rate of 39.09 cents per $100 following revaluation. Hovis said the recommended budget incorporates several changes from the previously presented draft, including the removal of a police officer position, a reduction of the Main Street economic…
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