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Council hears public comment on raising cumulative capital tax; second reading scheduled
Summary
The council held a public hearing on Ordinance 2026‑03, which would raise the cumulative capital development tax from 0.0462 to 0.05 to fund streets, drainage and provide 50% of proceeds to the Fire Department; the council voted unanimously to take a second reading by title only.
President Andi Wilson called a public hearing on Ordinance 2026‑03 at the Feb. 19 meeting to consider increasing the town's Cumulative Capital Development Tax rate.
Town Manager Sandie Jones explained that the tax pays for streets and drainage work and that "50% goes to the Fire Department," and said the Clerk‑Treasurer had the rate recorded at 0.0462; the ordinance would raise the rate to 0.05. The public hearing opened at 6:35 PM and was closed at 6:40 PM after discussion of how the fund accumulates, reporting and approved uses.
Why it matters: the proposed change would increase the town's dedicated capital revenue stream and shift additional funds to street, drainage and fire‑related capital expenditures. During old business, Vice‑President David Rudd moved to schedule a second reading of Ordinance 2026‑03 by title only; Councilmember Scott Dick seconded and the motion passed unanimously. No adoption vote was recorded at the meeting.
The council's next procedural step is the second reading: the ordinance will return for further consideration under the town's ordinance-reading process. The transcript does not specify the projected revenue change in dollars or the date of any future vote.
