- By Ronda Tatum
- Posted Friday, May 17, 2013
County Manager Unveils the FY 2013-2014 Recommended Budget
On May 16, 2013, J. Dudley Watts, Jr., County Manager of Forsyth County presented the FY 20132-2014 Recommended Budget to the Board of County Commissioners. The recommended budget continues the theme of maintaining service levels while maximizing efficiency with as little impact to the citizenry as possible.
The recommended budget includes a tax rate of 74.18 cents which is the revenue neutral tax rate calculated based on the 2013 Revaluation. This rate is 6.78 cents higher than the FY 2012-2013 tax rate of 67.4 cents.
Of the proposed 74.18 cent tax rate, 4.51 cents is dedicated to two Education Debt Leveling Plans. Information about the Education Debt Leveling Plans and how Forsyth County uses North Carolina Education Lottery Funds can be found on the Budget & Management Department’s “Learn About…” page.
Sales Taxes are projected at a 2% increase in overall economic activity for the County and is within the growth projections anticipated by State consensus projections. The following chart provides the statutory calculation for revenue neutral. There was minimal growth between the last revaluation in 2009 and the 2013 revaluation.
View the Revenue Neutral Rate Calculation here.
To see the County Manager’s FY 2013 proposed budget and Alternate Service Level information in its entirety, please visit the Preliminary Budget page of our website.
Digital copies of the FY 2014 Manager’s Proposed Budget and the Alternate Service Level document can be found at any of the Forsyth County Public Library Branches. A hard copy of the Preliminary document is located in the Clerk to the Board's office on the 5th floor of the Forsyth County Government Center.
The County Manager is scheduled to provide a detailed presentation of the budget on May 23rd and the Public Hearing will be held on Tuesday, May 28th at 6:00 pm during the regular meeting of the Board of Commissioners.
Thank you for your interest in Forsyth County, North Carolina.