During the Tuesday, May 9, Council meeting, Town Manager Mike McLaurin presented the recommended budget for Fiscal Year (FY) 2023-2024. The budget is a statement of the Town’s priorities and a financial plan on how to fund those priorities. In 2021, the Town Council adopted nine priorities: Roads and Infrastructure, Public Safety, Planning and Growth Management, Creating a Downtown, High-quality Team, Partnerships, Parks and Community Amenities, Quality Basic Services, and Operational Needs. Through the funding of numerous projects and services, the recommended FY 2023-2024 budget lays the foundation for meeting the Town's priorities and the needs of our community.
FY23-24 Recommended Budget Highlights
- The General Fund is balanced at $21,865,202 using the existing tax rate of 18.5 cents.
- The Powell Bill fund is $2,055,000 and the Stormwater fund is $2,102,566.
- The Capital Reserve/Debt Service is $2,941,469.
- Three vacant positions are not being funded.
- The Town is relocating the Economic Development function to the Planning Department.
- A Parks Maintenance Technician position will be effective July 1, 2023.
- Recreation Specialist and Customer Service positions will be effective January 1, 2024.
- Moving funding of the IT Administrator position from the Administration budget to Communications & IT.
- Reclassification of the Tax Collector position to Assistant Finance Director/Tax Collector.
Public Safety (Union County Sheriff's Office Contract)
- One deputy position will be added to the UCSO contract effective July 1, 2023.
- The Town will continue funding the two grant traffic deputy positions effective October 1, 2023.
- Continues to fund existing Capital Improvement Projects, as well as the implementation of the findings from the watershed management study.
- Continues funding the $3.15 million for road maintenance (funded by Powell Bill and state funds).
- Funds an ADA Transition Plan over two years.
- Funds Town Hall facility maintenance and security enhancement projects.
- Funds an enhanced Christmas light display at Chestnut Square Park and the Town Hall.
- Continues work on $35 million of Capital Projects, including transportation and parks and recreation projects.
The Town will hold a public hearing on the recommended budget on Tuesday, May 23, during the regular Council meeting, which begins at 6:30 p.m. at the Indian Trail Town Hall. Residents are encouraged to review the budget and share their input. If you have questions about the budget, please contact Town Manager McLaurin at firstname.lastname@example.org
All documents related to the budget can be found on the Town's website:
FY23-24 Recommended Budget
FY23-24 Budget Presentation Slides
FY23-24 Budget Presentation Recording (the budget presentation begins at timestamp 27:56)