Town Budget

Adopted Budget for (2024-2025)

The FY24-25 General Fund budget is approximately 22.56% lower than the previous year's annual budget and the FY24-25 Enterprise Fund budget is approximately 1.81% lower than the previous year's. The Enterprise Fund expects to receive financing for water improvement projects in FY24-25. The General Fund debt repayment in FY24-25 is $91,837. The Enterprise Fund has a debt repayment of $314,069. The Town proposes using $1,364,158 of American Rescue Plan Act funds towards general government services provided by the Town including but not limited to maintenance and repairs to Town parks and facilities and repairs and replacement of Town infrastructure. There are no local tax rate increases in the FY24-25 budget.

The following increases in fees will be effective July 1, 2024:

Ordinance #133 imposes a 5% increase for both in-town and out-of-town water and sewer rates authorized by Code of Virginia §15.2-2119, (the “Ordinance”). Water Sewer Rates as of July 1st, 2024

An increase in the Utility account fees per Code of Virginia §15.2-2119 as follows:

In-Town Water/Sewer Deposit: $175.00 to $225.00
Out-of-Town (Water Service Only Deposit): $100.00 to $125.00
Out-of-Town (Water & Sewer Service Deposit): $175.00 to $225.00
Reconnect Fee for Service Shut off (Failure to Pay): $35.00 to $50.00

Adopted Budget (2023-2024)

FY23-24 Annual Budget

The FY23-24 General Fund budget is approximately 9.55% lower than the previous year's annual budget and the FY23-24 Enterprise Fund budget is approximately 1.85% higher than the previous year's annual budget.

The following increases in taxes and fees are effective July 1, 2023:
Ordinance 126-Consumer Utility Tax

Ordinance 127-Increase in Water & Sewer Rates

The following has been adopted as well:

Increase in the monthly trash collection fee from $18.00 to $20.00, a $1.00 increase, from $2.00 to $3.00 for each additional trash tote.
Increase in the Transient Occupancy Tax Rate from 5% to 6%.
Increase in the Cigarette Tax from $0.25 to $0.30 on each package containing 20 cigarettes.

The Town adopted a $0.01 increase in the Real Estate Tax rate from $0.14 to $0.15 per $100. This tax rate will apply to real estate assessments beginning January 1, 2024. The real estate tax rate for 2023 assessments will remain at $0.14 per $100. The Town adopted a $0.05 increase in the Personal Property Tax rate from $0.80 to $0.85 per $100. This rate will apply to the personal property assessments beginning January 1, 2024. The personal property tax rate for 2023 assessments will remain at $0.80 per $100.

Adopted Budget (2022-2023)

The FY22-23 General Fund budget is approximately 11.59% higher than the previous year's annual budget. There are no proposed increases in taxes, however real estate and personal property tax revenues are projected to increase due to new assessments. There are no proposed increases in water and sewer rates in FY 22-23. However, there is a $2.00 increase in the monthly trash collection fee from $16 to $18 due to an increase in the rate charged by the garbage collecting company. The monthly fee for an additional trash tote will increase from $1.00 to $2.00. A copy of the FY '22- 223 Adopted Budget document may be viewed by clicking the link below:

Adopted Budget (2021-2022)

The FY 21-22 adopted budget has no proposed increases in taxes or fees. There are also no proposed increases in water/sewer/trash fees in FY 21-22. A copy of the FY '21-'22 Adopted Budget document may be viewed by clicking the link below:

Adopted Budget (2020-2021)

The FY 20-21 adopted budget includes an increase in the trash monthly charge from $11 to $16. A copy of the FY ’20-’21 Adopted Budget document may be viewed by clicking the link below:

FY 20-21 Adopted Budget

Adopted Budget (2019-2020)

The FY 19-20 adopted budget includes increases in the following rates and fees: An increase in the meals tax rate from 5% to 6% and an increase in the cigarette tax from $.20/pack to $.25/pack. The adopted budget includes a 68% increase to the water utility rates and a 3% increase in sewer utility rates. The adopted budget also includes an increase in the Conditional Use Permit Application Fee from $350 to $500. A copy of the FY ’19- ’20 Adopted budget document may be viewed by clicking the link below:

FY 19-20 Adopted Annual Budget

Adopted Budget (2018-2019)

The FY 18-19 budget includes a 2% increase in water charges and a 2% increase in sewer charges. There is also a $5 increase in the DMV Stop Fees. The FY 18-19 budget includes a 50% cut in the 5/8″ in-town water and sewer connection fees from $4,000 to $2,000 and from $6,000 to $3,000 respectively. No other taxes, fees or levies were changed.

FY 18-19 Adopted Budget

Adopted Budget (2017-2018)

The FY 17-18 budget includes a 2% increase in water charges and a 2% increase in sewer charges. There is also a modest increase in the Community Park Shelter Rental Fees. No other taxes, fees or levies are increased. A copy of the adopted budget can be reviewed at the Town Office during regular business hours (Monday – Friday from 7:30 am – 4:00 pm) or by clicking on the below link:

FY 17-18 Adopted Budget

Adopted Budget (2016-2017)

The FY 16-17 proposed budget includes a 2% increase in water utility rates and a 4% increase in sewer utility rates. A copy of the proposed budget can be reviewed at the Town Office during regular business hours (Monday – Friday from 7:30 am – 4:00 pm) or by clicking on the below links:

Adopted Budget FY 16-17

Adopted Budget (2015-2016)

The FY 15-16 adopted budget includes a 2% increase in water/sewer utility rates and an increase in the real estate tax rate of $0.02 per $100 of assessed value. A copy of the adopted budget can be reviewed at the Town Office during regular business hours (Monday – Friday from 7:30 am – 4:00 pm) or by clicking on the below link:

Adopted Budget FY 15-16

Adopted Budget (2014-2015)

The FY 14-15 adopted budget includes a 3% increase in water/sewer utility rates, an increase of $0.05/pack in the cigarette tax and a $2.00/month increase in the monthly trash fee. A copy of the adopted budget can be reviewed at the Town Office during regular business hours (Monday – Friday from 7:30 am – 4:00 pm) or by clicking on the below link.