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MORRISVILLE, N.C. (WTVD) – The City of Morrisville held a public hearing on its budget for next year Tuesday evening.

The City Council has approved a budget of $58.19 million for fiscal year 2025. The budget was approved unanimously after a public hearing.

Many citizens had expected that the budget would include an increase in property taxes for many.

In the approved budget, the tax rate for fiscal year 2025 was reduced from $0.39 per $100 of property value to $0.35 per $100 of property value. The tax rate is 5 cents above the revenue-neutral rate of $0.30 per $100 of property value.

Morrisville residents may soon have to pay significantly more in taxes.

The city council stated that the budget and capital program focus on “investing in Morrisville” to “provide improved services and meet the new interests of a growing community.”

“The fiscal year 2025 budget was collaboratively developed to provide additional support to our existing services, expand services in critical areas, and wisely leverage the 2024 land reassessment to make additional investments in our future,” said City Manager Brandon Zuidema. “This budget addresses the resources needed to meet the needs and expectations of our community now and in the future. It also continues our commitment to the goals of our Connect Morrisville strategic plan, the City Council’s vision, and our values ​​of engagement, integrity, civility, and innovation.”

Judy Springer was one of the people who feared a property tax increase.

“I feel like I’ve worked my whole life. Why can’t I at least support myself and keep my home?” she said.

She has lived in the Village at Town Commons for over 20 years, and had the original budget passed, she would have seen a tax increase of over $600 per year.

Due to the revaluation of property in Wake County, the value of Judy’s house has continued to rise. It is now valued at over $500,000.

“It’s a tough time for everyone,” she said. “For most of us who have lived here for 22 years, this is just not the right time.”

The sign in Judy’s front yard was part of her effort to make everyone aware of the property tax increase, even though some people agree with it.

“We have to pay for the facilities, we have to maintain them, we have to hire people,” said Jackie Holcomb. Holcomb is a former mayor of Morrisville and she wants to make sure everyone in town is aware of the town’s finances. “How long can we keep increasing the town’s spending if there’s no more growth? What happens to the people who have lived here for generations?”

The capital reserve appropriations of $4.76 million, or 8% of the general fund budget, are intended for future spending on road and transportation improvements, parks and recreation improvements, land acquisitions (a new reserve fund), loans to support the construction project, purchase of fire equipment, and the remaining municipal service district project.

The vehicle sticker fee was kept at $30 per vehicle per year. The stormwater fee remained at $50 per ERU to support stormwater disposal and infrastructure.

“I am very proud of how our council has come together to support the needs of our community,” said Mayor TJ Cawley. “The Fiscal Year 2025 budget makes significant progress in laying a solid foundation for maintaining and improving the quality of life for our residents.”

You can view the approved budget here.

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