MATTHEWS BOARD OF COMMISSIONERS APPROVES FY 23-24 BUDGET

The Board of Commissioners voted 5-2 to approve the Manager's Recommended Budget for Fiscal Year (FY) 23-24 during the June 12 Town Board meeting.

The approved budget totals $34,364,889 and sets the new tax rate at 26.65-cents per hundred, which is an effective increase of 3.96-cents per hundred above the revenue neutral tax rate. This represents a 17.5% increase over the revenue neutral rate.

The approved budget includes significant expansions in operations to meet the needs of the organization. Those include fully funding a competitive employee pay plan, increased costs for solid waste services, funding for Fire Station #3 and increased funding for paving maintenance, among other items.

The approved budget can be found here: https://town-matthews-nc-budget-book. cleargov.com