Tryon approves 2015-2016 budget

Published 10:31 pm Wednesday, July 1, 2015

The Town of Tryon has adopted its fiscal year 2015-2016 budget with no property tax or water/sewer rate increases but a two-cent tax increase for its fire department.

The new fiscal year began yesterday, Wednesday, July 1.

Tryon Town Council held a special meeting Monday, June 29 to adopt the budget. A public hearing was held during council’s June meeting.

The fire tax increase will pay for a full-time firefighter and the replacement of a 1986 fire truck.

Tryon’s total budget is just under $4.2 million and includes the addition of a community development director position and making a part-time position a full-time position for the street department and water/sewer department.

The budget includes the same $50. 28 cents per $100 of property valuation tax rate.

The police department budget was approved at $752,987; administration at $479,867; streets at $406,608; tourism development at $16,000; sanitation at $221,837; water at $1,110,884; sewer at $528,519; the fire department at $340,292 and Harmon Field at $177,093.

The town’s property tax revenues is estimated from a total of $178,779,236 in property values at an estimated tax collection rate of 97.5 percent, according to the town’s adopted budget ordinance.

The town’s fire tax rate, as well as for outside city limit residents is 6.8 cents per $100 of property valuation.

Tryon also approved its annual schedule of fees for this fiscal year.