CITY COUNCIL ADOPTS FY18-19 BUDGET
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.
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.
|| School District Tax*
||Total Combined Tax
|2017 Tax Rate and Tax on $100,000 property
|| $0.60; $600
|| $0.18; $180
|2018 Tax Rate and Tax on $100,000 property
|| $0.60; $600
|| $0.20; $200
||$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.
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.
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