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Proposed Budget Overview
Posted on 05/13/2022
budget proposal

2022-2023 Proposed Budget
2022-2023 Proposed Budget Summary
Statesville City Manager Ron Smith presented the proposed 2022-2023 fiscal budget to City Council Monday night, recommending that the tax rate remain at .5478 cents per $100 valuation and that there be no increases in the electric and water/sewer rates.

The proposed budget of $151.6 million reflects an overall increase of 22% from the current fiscal year. The budget includes the continued implementation of a career development program for various departments, a 2% across-the-board increase in employee salaries, a 10% increase in employee health insurance, several new positions, and upgrades to the Soccer Complex and Harris, Martin Luther King Jr., and Bristol Road parks.

The expected increase in tax revenues and appropriations from the Fund Balance and Electric Utilities funds will be used to help balance the budget.
Council set the public hearing on the budget for Monday, May 16 at 7 p.m.  A budget work session is set for Wednesday, May 18 at 3 p.m.