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Jul 08

May 22nd BOC Meeting Recap

Posted on July 8, 2018 at 9:47 AM by Waxhaw Communications

In preparation of the proposed budget, over $600K in expenses was cut by the Town Manager resulting in a 3% decrease in year-to-year operating expenses.

On Tuesday May 22, 2018, the Waxhaw Board of Commissioners conducted both a work session and our regularly scheduled business meeting. Both sessions discussed the 2018/19 Fiscal year Budget.

In preparation of the proposed budget, over $600K in expenses was cut by the Town Manager resulting in a 3% decrease in year-to-year operating expenses. 

The proposed budget primarily focuses on traffic and infrastructure improvements. It includes a proposed $25 vehicle fee, specifically authorized by state law that can only be used for transportation projects and cannot be increased. In lieu of the $80 solid waste fee, the BOC discussed a 2.5-cent tax increase, which would allow Waxhaw to operate the town without using our savings account as Waxhaw has historically done.

The budget as proposed provides for transportation improvements, and allows the town to begin the financial planning for future capital projects like parks, facilities, etc.…).  The budget will be voted on June 12th

For more information, please feel free to view my presentation on the budget here – https://nc-waxhaw2.civicplus.com/DocumentCenter/View/3364/Mayors-Budget-Recap-052218

We work hard every day to help make Waxhaw great. If you have any additional questions, please contact communications@waxhaw.com

Steve Maher

Mayor of Waxhaw