Budget Highlights

The budget for Fiscal Year 2023-2024 was adopted by Town Council on June 27, 2023. 

View the full budget document.  

  • FY23-24 Budget Highlights Opens in new windowTotal budget (all funds): $213,410,500
    • General Fund: $102,072,200
    • Electric Fund: $51,837,800
    • Water & Sewer Fund: $28,974,200
    • Stormwater Fund: $2,671,900
    • Non-major & Capital Fund: $27,854,400
  • Property tax rate: $.44 per $100 valuation, an increase of $.03 from last year
  • Garbage, recycling, and yard waste services fees increase by $0.93/month
  • Electric rate: Base rate increase from $25.00 to $26.38, kWh charge increase of 5.5%
  • Water rates: Water base rate does not change, volumetric rate increase of 4%  
  • Sewer rate: Sewer base rate increase of $0.43, volumetric increase of 4%  

In preparing the FY23-24 budget, town staff followed guidance from Town Council’s strategic goals to develop a proactive budget that will balance improving current town programs and services with development of new programs and projects.