Hello Bartonville! As we continue planning for the future of our community, the Town remains focused on responsible financial stewardship, maintaining essential infrastructure and preparing for unforeseen emergencies. This month, I want to share several important updates regarding the Town’s proposed tax rate, the next phase of improvements on East Jeter Road, and our Emergency Reserve Fund.
For the upcoming fiscal year, the Town has proposed a property tax rate of 0.173646, the same rate that has been in place for the last several years. Holding this rate steady reflects our ongoing commitment to fiscal responsibility while continuing to provide the services and infrastructure our residents expect. The Town of Bartonville has one of the lowest property tax rates in the state. At this proposed rate, the Town will receive an additional $151,023 in property tax revenue. Of that amount, $101,824 will come from new property added to the tax roll. This is an important distinction because growth in our community helps support public services and capital needs without requiring an increase in the tax rate.
Phase III of the East Jeter Project is scheduled to be completed by Sept. 15. This phase represents another meaningful investment in the safety, reliability and long-term conditions of our local roadways. The total cost of this phase is $910,000. This expense is being funded through the voter-approved five-eighths-cent sales tax that is allocated specifically for road repair and maintenance. Using these dedicated funds allows the Town to continue addressing important roadway needs while protecting the General Fund for other essential operations…