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Raeford council adopts $7.59 million budget, keeps tax rate at $0.48
Summary
The Raeford City Council on June 6 adopted the FY 2022-2023 budget totaling $7,590,047, keeping the ad valorem tax rate at $0.48 and approving increases to water and sewer rates, a 5% COLA, a 7% medical increase and ARPA-funded one-time bonuses.
The Raeford City Council adopted its FY 2022–2023 budget at a regular meeting on June 6, keeping the ad valorem tax rate at $0.48 per $100 of assessed value and appropriating $7,590,047 in the General Fund.
The budget, presented by City Manager Dennis Baxley, maintains the existing property tax rate while increasing water and sewer fees. The proposed utility rate structure raises the fixed water/sewer charge from $11.87 to $14.24 and increases volumetric rates across tiers (for 0–5,000, 5,001–10,000 and 10,001+ gallons). The ordinance also raises the…
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