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Butner council adopts $10.82 million budget, sets tax rate at $0.40
Summary
The Town of Butner adopted its FY2024–25 budget totaling $10,823,135 with a proposed tax rate of $0.40 per $100 of assessed value (revenue-neutral rate $0.27), no use of fund balance and no fee increases; the council also approved a five-year capital improvement plan and a year‑end amendment recognizing $103,000 in unbudgeted revenue and expenditures.
The Town of Butner Council approved its FY2024–25 budget on a unanimous voice vote after a brief presentation by Town Manager Jordan McMillan. The adopted General Fund budget totals $10,823,135 and would be supported by a proposed property tax rate of $0.40 per $100 of assessed value; McMillan said the revenue-neutral rate is $0.27. McMillan told the council the budget requires no use of fund balance and includes no increases to town fees.
McMillan said the budget emphasizes investments in growth-related capital and services, including a new town roads specification manual, pavement-condition assessments, public-safety equipment replacements and IT upgrades. He said a salary study, a merit program and additional training funds are included to help retain and compensate town employees.
Council member Lane moved to approve the budget ordinance and updated fee schedule; the motion was seconded and carried without further discussion. Immediately following the budget vote, the council adopted Butner’s first formal five‑year capital improvement plan, a staff presentation said the CIP totals roughly $15 million over five years with about $2 million programmed in the first fiscal year and the first-year projects already captured in the adopted budget.
Staff later brought a year‑end budget amendment (Amendment 017) to recognize $103,000 in unbudgeted revenue and related expenditures. Finance staff said the amendment includes roughly $10,000 for additional electricity at 600 Central Avenue, $20,000 of insurance-recovery revenue for repairs, $30,000 related to sales-tax timing (a refundable item after July 1) and $50,000 for additional legal consulting. Council approved the amendment, which staff described as not requiring use of fund balance and necessary for compliance with local-budget controls.
Finance staff presented the April 2024 financial report before the vote, reporting combined town cash and investments of $16,354,547 and monthly interest receipts near $70,000 (a projected $630,000 for the fiscal year). Expenditures were running about 72% year-to-date, and staff noted planned budget amendments to reflect sales-tax receipts later in the fiscal year.
The council’s action completes the public hearing required under state law and places the budget and CIP into effect; no further public comment was recorded during the hearing portion of the meeting. Next steps noted by staff include moving forward on individual capital projects as design and funding decisions are made.
