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Tax rate and revaluation items in Town of Morrisville

13 items. Each one links to the meeting it was on. This is the bottom of every drill-down on this site: whatever a chart says, the items behind it are here to be counted.

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Ranked bar chart of the 9 subjects these items carry. Tax rate and revaluation leads with 13.
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SubjectItems
Tax rate and revaluation13
Budget and appropriations10
Bonds and debt5
Fees and utility rates5
Stormwater and flooding5
Solid waste and recycling2
Grants and outside funding1
Housing and affordability1
Public facilities1
  1. Oct 8, 2024 Town of Morrisville · Town Council
    A consent-agenda resolution accepts Wake County's reports on non-cash rebates, tax exemptions and penalties from October 2023 through July 2024.
    Consent agenda Tax rate and revaluation
  2. Jun 11, 2024 Town of Morrisville · Town Council
    Town Manager Brandon Zuidema presents the FY2025 budget for adoption: a $58.19 million general fund on a tax rate of 35 cents per $100 of valuation, 5 cents above the calculated revenue-neutral rate of 30 cents and 4 cents below the current rate of 39 cents, against a tax base of $9.46 billion.
  3. Mar 28, 2024 Town of Morrisville · Town Council
    Staff present the FY25 budget outlook: $19 million in department requests, about $5 million in base budget capacity, and three illustrative funding tiers tied to raising the tax rate 3, 5 or 7 cents above the revenue-neutral rate. The presentation asks the council for direction on which investments to prioritize befor…
  4. Jan 21, 2024 Town of Morrisville · Town Council
    The council discusses budget capacity and philosophy, including the county's property revaluation and the town's fund balance reserves.
  5. Jan 19, 2024 Town of Morrisville · Town Council
    Staff present two ways to bill a new solid waste user fee: through Wake County's annual property tax bill at $221 a year, or through a third-party vendor at $234 a year, both rising over five years with inflation. Staff recommend timing any fee to the June 30, 2025 renewal of the town's waste-hauling contract and ask…
  6. Dec 12, 2023 Town of Morrisville · Town Council
    A resolution would accept Wake County's non-cash rebate, tax exemption and penalty reports for the town, covering October 2022 through September 2023.
  7. May 23, 2023 Town of Morrisville · Town Council
    The council holds a public hearing on the proposed $49.49 million FY2024 budget and could give it final reconciliation and adoption the same night. The proposed tax rate holds at $0.39 per $100 of valuation, with no general tax increase recommended, while the stormwater fee would rise from $40 to $50 per Equivalent Re…
  8. May 18, 2023 Town of Morrisville · Town Council
    Town Manager Martha Paige and Director of Management Services Jeanne Hooks continue work on a $49.49 million FY2024 budget, $48.2 million for the General Fund and $1.29 million for the Stormwater Fund, that holds the property tax rate at 39 cents per $100 of valuation and skips the one-cent increase staff says an affo…
  9. May 11, 2023 Town of Morrisville · Town Council
    The manager presents a proposed FY2024 budget of $49.49 million ($48.2 million General Fund, $1.29 million stormwater), a tax rate held at 39 cents per $100 of valuation, and a $10 increase to the stormwater ERU fee, to $50. This session focuses on operations and the capital investment program; council guidance contin…
  10. May 9, 2023 Town of Morrisville · Town Council
    The town manager would present a $48.2 million General Fund budget for FY2024, up from $45.8 million the year before, holding the property tax rate at $0.39 per $100 of valuation. Three cents of that rate service $37 million in voter-approved bonds, with a second bond issuance of $13.9 million planned for FY2024. The…
  11. Apr 24, 2023 Town of Morrisville · Town Council
    Staff preview the FY2024 budget for Director of Management Services Jeanne Hooks, Fiscal Recovery Officer Michael James and Town Manager Martha Paige. Base General Fund spending is projected at $42.7 million against $47.1 million in base resources, leaving $4.4 million in capacity before the council weighs $14.8 milli…
  12. Mar 30, 2023 Town of Morrisville · Town Council
    Finance staff and the town's financial advisor, Davenport & Associates, present the FY2024 budget and capital plan outlook, including updated debt modeling for a $56 million five-year capital slate. Davenport says funding a Public Works facility within that plan would require a 1.5 to 1.8 cent tax rate increase, and t…
  13. Jan 29, 2023 Town of Morrisville · Town Council
    The council reviews property taxes, the solid waste fee, fund balance and reserves, and use of remaining ARPA funds, using a slide deck.

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