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Cramerton affirms 40% fund balance, discusses staffing and compensation ahead of budget
Summary
During the Feb. 2 retreat commissioners reaffirmed a 40% general fund balance target, endorsed maintaining the 0.475 property tax rate for now, and directed staff to evaluate compensation, retention and succession planning as part of the 2022 budget process.
CRAMERTON, N.C. — Financial policy and staff capacity were central to budget planning discussion at the Town of Cramerton’s Feb. 2 goals meeting.
Town staff reviewed the town’s intent to maintain a roughly 40% general fund balance and noted that the balance fluctuates with capital projects. Commissioner Houston Helms recommended…
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