June 21, 2017
RE: Fiscal Year 2017-18 Budget Adoption
The Town Council of the Town of Mayodan adopted the Fiscal Year 2017-18 budget ordinance during their regularly scheduled monthly meeting held Monday, June 12.
The manager’s budget was presented to the Council May 26, 2017 and made available to the public. The adopted budget is posted on the Town’s website and social media sites, a copy is available at Town Hall, and official notice of the public hearing was published in the News and Record.
After the public hearing held June 12, at which no one spoke for or against the budget, the Town Council voted 3-1 to approve the budget as presented.
The adopted budget includes a property tax rate of $0.63 per $100 of valuation, which is unchanged from last year. In addition, the solid waste fee remains unchanged from last year at $12 per month residential household, $24 per commercial account. The adopted budget includes a 5% water and sewer rate increase. This increase is equal to 0.22 cents per thousand gallons of usage. This rate change will apply to all billing cycles after July 1, 2017.
For in-town customers the new rate per 1,000 gallons of usage (water or sewer) is $4.56. The minimum bill for two months will increase $1.62 to $31.92 for water and sewer. Out-of-town customers pay double the rate of in-town customers.
Questions regarding the adopted budget may be directed to Michael Brandt, Town Manager at (336) 427-0241.