Matthews Town Manager Hazen Blodgett presented the proposed Fiscal Year 2017-18 budget to the Town Board during a work session Monday night.
Matthews Town Manager Presents FY 17-18 Budget to Board of Commissioners
No proposed increase in taxes or fees
Matthews, NC – Matthews Town Manager Hazen Blodgett presented the proposed Fiscal Year 2017-18 budget to the Town Board during a work session Monday night, recommending a budget that includes no proposed change to property tax rates and no proposed increase in fees.
“Again this year, we’ve prepared conservative budgets while maintaining current service levels to residents and businesses,” said Town Manager Hazen Blodgett. “The budget’s development is driven by the Town’s strategic goals and each department’s strategic plans. We’re pleased to present a budget with no increase in taxes or fees for the citizens of Matthews.”
The proposed FY 17-18 budget is $21.52 million, representing a $175,000 increase over FY 16-17 amended budget of $21.35 million. The proposed budget includes:
- A projected increase of $375,000 in property and vehicle tax revenue, largely due to new development in Town.
- A projected 3% increase in state sales tax, equivalent to $100,000 in additional revenues.
The proposed budget includes expenditures for four new employees: two police department positions, one position in the fire department and one position in public works. A three percent performance-based salary pool for Town employees is also included. No appropriation from the Town's general fund is proposed.
A public hearing is scheduled for Monday, May 22 at 7:00 p.m. at Matthews Town Hall, 232 Matthews Station Street. The Board of Commissioners could adopt the budget later that night as part of their regular meeting, or at their next regular meeting on Monday, June 12. All budget documents can be accessed on the Town’s website. A hard copy of the budget is also available for review at Matthews Town Hall during normal business hours.