CORNELIUS, N.C. -- The town’s 24-cent tax rate would remain the same under Town Manager Anthony Roberts’ proposed $17.6 million fiscal year 2014 town budget.
The proposal also calls for an average 2.5 percent merit pay increase for town employees and a 4-percent increase in electric rates due to wholesale rate increases, Roberts told the Cornelius Board of Commissioners on Monday night.
The budget also proposes $1.5 million in four major capital expenditures, including sidewalk connections; designing the proposed diverging-diamond interchange at Interstate 77 Exit 28; adding a right-turn lane off West Catawba Avenue onto Westmoreland Road; and for the Northcross Drive extension.
Roberts also proposed issuing debt on a new phase of Robbins Park ($700,000); synthetic turf soccer fields at Bailey Road Park with $800,000 from a private partnership ($1.16 million); fire department breathing equipment to replace 15-year-old equipment ($400,000); and $158,000 in police, parks and fire vehicles.
The board is scheduled to hold a public hearing on the budget at its regular meeting at 7 p.m. May 20 at Town Hall, 21445 Catawba Ave. The board could vote on the budget that same night.
The budget will be available for viewing on the town’s website beginning this week.