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Raeford council adopts $8.44 million budget, sets property tax rate at $0.48
Summary
The Raeford City Council unanimously approved the FY2023–24 budget on June 5, 2023, adopting a $8,442,160 General Fund and a $3,330,139 Water & Sewer Fund budget and setting the property tax rate at $0.48 per $100 valuation.
The Raeford City Council voted unanimously June 5 to adopt the FY2023–24 Budget Ordinance, approving $8,442,160 in General Fund appropriations and $3,330,139 in the Water and Sewer Fund and setting the property tax rate at $0.48 per $100 valuation.
The budget ordinance, presented by Mayor John K. McNeill III, includes $2,129,690 for Police, $1,229,238 for Fire, $1,086,120 for Streets, $410,000 for Powell Bill allocations and a $282,632 contingency. City staff said the rate was calculated using the county assessor’s estimated valuation and an estimated collection rate; the ordinance text specifies the tax levy at $0.48 per $100 for the 2023 tax year.
Councilman Wayne Willis moved to approve the ordinance and Councilman Charles Allen seconded the motion; the vote carried unanimously. The budget ordinance also approves position allocations and authorizes transfers and fund advances under specified conditions, and it lists active project ordinances including Robbins Heights Neighborhood Revitalization (CDBG), Gates Farm Water/Sewer Line Extension, and a State Revolving Loan WWTP project.
The council opened and closed a public hearing on the proposed budget in compliance with North Carolina General Statute G.S. 159-12; no members of the public spoke during the hearing. The council adopted the ordinance and directed that copies be furnished to the city clerk and budget and finance officers for implementation.
Votes at a glance: the budget ordinance was approved by motion of Councilman Wayne Willis, seconded by Councilman Charles Allen, and carried unanimously. Other formal actions taken at the meeting are summarized elsewhere, including a rezoning approval and consent-agenda items.
