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Highlights
of the
Town of Smithfield Budget for 2021-22 |
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Here's a rundown of key elements in the Town of Smithfield's adopted budget for the new fiscal year that starts July 1:
General Fund totals $15,198,658 --- up from the past year's $14,736,722.
The town's property-tax rate remains unchanged at 57 cents per $100 valuation of real estate and is expected to produce revenue of $6,362,000 in the year ahead --- up slightly from $6,350,000 budgeted this past yer.
Electric rates will be adjusted slightly to line up revenues closer to actual expenses related to various categories of customers. As a result, some customers will see slight increases in their monthly bills; others will see decreases. Overall, the new rate schedule is expected to yield an increase of 0.17% in total revenue.
Water and sewer rates unchanged but rates for sewer service could go up in the near future if the county adopts a proposed increase in what it charges the Town of Smithfield for accepting and treating its wastewater.
Monthly fees for garbage and yard-debris pickup are going up --- from $16.24 to $17.24 for curbside garbage collection at most residences, from $10 to $11 for curbside yard-debris collection.
All town employees will be get pay raises of 2.5% in July.
New positions include another customer-service representative at Town Hall, an Information Technology specialist, two sanitation-equipment operators (funded by the increase in garbage and yard-debris fees), an additional water-plant operator (the plant is being enlarged),