There will be no tax or fee increase in the town of Matthews if the town board approves the budget submitted to them Monday by Town Manager Hazen Blodgett. The fiscal year 2011-2012 budget proposed by Blodgett would be $18,517,074. The budget reflects a revenue neutral tax rate due to the county’s property revaluation. Revenue neutral is the tax rate that will bring in the same amount of tax revenue as the current tax rate and is increased to reflect growth in the tax base between reappraisals.
Town Board members will make a decision on the tax rate and the Town budget before June 30, 2011 as required by state law.
“We continue to experience the effects of the recession with limited revenues. Over the last two years we have made significant cuts to our budget. We have put off purchasing equipment and resources as well as not replacing vacant positions,” said Blodgett. “In this year’s budget we have been able to include some items that we have put off replacing as we expect to see a slight increase in our revenues and we do not want to experience any negative impact to the services we provide our citizens.”
A public hearing will be held on the budget on May 23 at 7 pm. Continue reading