Posted on Tuesday May 14, 2019
Matthews Town Manager Hazen Blodgett presented the proposed budget for Fiscal Year 2019-2020 to the Matthews Board of Commissioners during a work session Monday evening.
Matthews, NC – Matthews Town Manager Hazen Blodgett presented the proposed budget for Fiscal Year 2019-2020 to the Matthews Board of Commissioners during a work session Monday evening. The $25,640,229 budget is a 2.95% increase over last year’s budget.
Blodgett outlined several challenges facing the Town this year, including increased costs for retirement contributions, solid waste fees, and insurance.
The budget adds four new positions for the Matthews Police Department and fully funds the switch to a 24-hour staffing model for Matthews Fire & EMS.
The Mecklenburg County 2019 Property Revaluation increased property values in Matthews by 38.3%. The revenue neutral tax rate is .2613. The Manager’s proposed budget includes a 1.87-cent property tax increase to a .28 tax rate.
No money is budgeted from the General Fund Balance (the Town’s savings account) to balance the budget.
A public hearing is scheduled for Tuesday, May 28 at 7:00 p.m. at Matthews Town Hall, 232 Matthews Station Street. The Board of Commissioners is scheduled to adopt the budget at their next regular meeting on Monday, June 10. All budget documents can be accessed on the Town’s website.
FY 19-20 Manager's Budget Message
FY 19-20 Manager's Budget Presentation
FY 19-20 Manager's Recommended Budget
FY 19-20 Capital Improvement Plan
*UPDATE: During the public hearing held on Tuesday, May 28, Town Manager Hazen Blodgett presented a revised proposed budget.
FY 19-20 Manager's Budget Message (Updated)
FY 19-20 Manager's Budget Presentation (Updated)