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CITY COUNCIL ADOPTS FY18-19 BUDGET

Post Date:06/20/2018

 City Council unanimously adopts the Fiscal Year 2018-19 annual budget at June 18th Council Meeting

The total combined budget for fiscal year 2018-19 is $47,978,619 for all city personnel, operations, equipment, capital improvements, and debt service. This includes $1,583,902 to Thomasville City Schools, of which $1,533,902 is generated by the school supplement tax.

General Fund

The adopted budget includes a tax rate of 60 cents per hundred-dollar valuation, this is unchanged from the year before. Two cents of this tax rate continues to be dedicated to creation of a reserve account for the construction of new recreation facilities. Two additional cents continues to be dedicated to the creation of a reserve fund for the construction of the Police Department Headquarters facility.

The budget includes a School District Tax Rate of 20 cents per hundred-dollar valuation. This is 2 cents higher than last year's rate.

  City-Wide Rate
 School District Tax*
Total Combined Tax
 
2017 Tax Rate and Tax on $100,000 property
 $0.60; $600
 $0.18; $180
$0.78; $780

2018 Tax Rate and Tax on $100,000 property
 $0.60; $600
 $0.20; $200
$0.80; $800
$20 Tax Increase

 *Link to map of Thomasville School District

The Solid Waste Disposal fee per household is $6.25 which is an increase of $0.50 per month, or $6 for the year. This cost is to offset operational costs and county landfill tipping fees charged to the city.

New General Fund Capital Expenditures total $1,833,801; which includes 6 new police vehicles, 1 new ladder fire truck, 1 new garbage truck, 1 riding lawnmower and Fire Department supplies. In addition, it includes capital building improvements to Fire Station #3, Jaycee Shelter at Memorial Park, and the Recreation Administrative Office.

Utility Fund

The City Utility Fund includes a rate increase of 1.24% as indicated in the most recent Water and Sewer Rate Study. Utility Fund Capital Expenditures total $1,808,422; which includes 2 new vehicles, Water Plant valve replacements, retrofits to a Water Plant high service pump, and upgrades to Hanks Branch and Hamby Creek sewer outfall lines.

Golf Fund

Total budget for operating expenses, Capital Expenditures and debt service is $975,447.

Other Agencies Funded

 Thomasville Rescue Squad
 $25,000  External Agency
 PACE Group
 $33,000  External Agency
 City Beautification Committee
 $40,000  Internal City Committee
 Economic Development
 $50,000 1/2 cent of General Fund tax for Economic Development
 Arts Davidson County
 $  2,000  External Agency
 MLK Social Action Committee
 $     500
 External Agency

 

You may view the Budget Ordinance and the Summary Budget here, and you may view the complete budget at the City Clerk’s Office located at City Hall, 10 Salem Street, during regular office hours.

 

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