No tax hike but water and sewer rates rise

MOUNT JACKSON — The town council unanimously approved the fiscal year 2018 budget at Tuesday night’s monthly meeting.

The approved budget is almost $4.8 million, an $800,000 increase from the 2017 budget.

The general fund expects to see revenue and expenses at just over $2 million while the enterprise fund, which encompasses water, sewer and sanitation, expects to see an increase in revenue and expenses to the tune of almost $2.1 million. Both of those numbers are up from last year when they were both under $2 million.

Residents can expect another year without tax rate increases, as the property tax will stay at 14 cents for every $100 of assessed value and the personal property tax will stay at 80 cents for every $100.  There will be, however, a 35 cent rise in both water and sewer rates, bringing them up to $6.95 and $12.20 a month for every 1,000 gallons, respectively.

Cigarette, motels, and meals taxes will remain the same at 45 cents per pack, 5 percent and 5.5 percent respectively.

The capital projects fund will have a revenue and expense budget of $465,200 while the equipment replacement fund will be at $211,300.

The new budget will take effect July 1,. Any interested residents can view a more detailed breakdown of the budget on the Mount Jackson town website, http://www.mountjackson.com.

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