ARCHDALE — The property tax rate in Archdale is scheduled to remain unchanged in the budget approved this month by Council.
Residents will see the longstanding rate of 29 cents per $100 of property valuation remain unchanged for the 2018-19 fiscal year. According to staff, based on current valuations, 1 cent of property tax generates $97,914 of revenue, which is an increase of $2,085 over the 2017-18 fiscal year budget.
The $15.9 million budget will create two new, full-time positions. An additional position within the Archdale Police Department would supplement its Criminal Investigations staff. Increased incidences of cyber-crime, the opioid epidemic and the needs of a growing population led to the request for the position, budget documents indicated.
A new IT position will help the city to coordinate social media and manage its website. The creation of this job was in response to concerns regarding network security and the need for an increased digital presence. This new employee will keep residents informed about issues and events, as well as utility bill mailings and other information made available to the public.
Appropriations have been made in the budget to adjust salary levels of current full-time employees. The primary objective of additional funding for these positions is to provide for the retention of quality employees whose institutional knowledge is irreplaceable, City Manager Zeb Holden submits.
A pay and classification study for the workforce is included in the budget, a measure recommended every five-to-six years that will supplant the city’s last plan completed in 2012.
Holden said he is excited by the opportunities the city has to grow and eagerly anticipates the 2019 celebration of 50 years since the since the city incorporated.
“Archdale has come incredibly far in 50 years,” Holden said. “The coming year is one of considerable opportunity thanks to the foresight of City Council and vision of strong leaders. (This year) offers the chance to admire the progress made and to set a course for the next 50 years.
“I am proud to be affiliated with an organization that continues to strive for professional and efficient delivery of public service to its citizens, all with an eye towards the future.”
The remainder of the budget appears relatively similar to what was presented in 2017. Assessed tax value of property in Archdale has grown about 2.18 percent, which will result in an increase of approximately $61,000 in budgeted revenue.
Sales tax revenues, which account for 31.9 percent of the city's total revenue, are expected to increase by 4.9 percent compared to the 2017-18 fiscal year. The finance department estimates Archdale will receive roughly $2.8 million in sales tax.
Staff writer Daniel Kennedy can be reached at 336-888-3578, or at email@example.com.