Harnett County,
North Carolina

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Wednesday, May 25, 2022  |  Permalink

Harnett County Manager Presents Fiscal Year 2023 Recommended Budget

Public Hearing Slated for June 6 at 9AM

At the May 16 Harnett County Board of Commissioners meeting, County Manager Brent Trout presented the budget message and Recommended Budget for Fiscal Year 2023.

“Harnett County prepares the annual budget in accordance with the statutory requirements with consideration of enhancing the quality of life for our residents,” stated County Manager Brent Trout. “The budget has been prepared with the purpose of supporting the strategic goals and priorities of the County Commissioners. You will see this specifically in the items we are recommending for consideration in the expansion budget.”

The County’s Annual Budget estimates the total value of resources required to perform County operations and support citizen needs. It also sets tax rates and fee schedules for the Fiscal Year.

The main funding sources that support our County budget come from local-generated revenues, such as property and sales tax.

As part of the Fiscal Year 2023 Budget, the County’s recent property reappraisal provided data on the anticipated revenue we would receive based on the new property assessments.   

“The property tax revaluation increased our assessed values by approximately $3.8 billion,” stated Trout. “The growth that we have experienced has pushed valuations of homes and properties to levels never seen before in Harnett County. The appeal process for property owners is still ongoing, so a clear amount of change that may occur to the total valuation is not known at this time.”

The County has created an estimate of the value loss expected to realize at the end of the process at 16.6%. Harnett County's current property tax rate is $0.75 per $100 valuation. This known valuation reduced by the expected valuation loss provides a calculation of a revenue neutral tax rate to be $0.561 per $100 valuation. The revenues in total compared to expenses for a continuation budget leaves a deficit for Harnett County.

“The continued growth in the County creates challenges for provision of services and management of government services,” continued Trout“.

In order to meet the County residents' continued needs, Trout recommended a new tax levy rate of $0.591, which is $0.03 more than the revenue neutral tax rate. If approved by the Commissioners, this would result in the recommended tax rate being a $0.16 reduction per $100 property valuation from our current tax rate.

Harnett County Board of Commissioners will hold a public hearing on Monday, June 6 at 9:00 AM at the Harnett County Resource Center & Library, located at 455 McKinney Parkway in Lillington.  

County Commissioners are scheduled to approve the Fiscal Year 2023 Budget at their June 20 regular meeting.

Interested individuals can view a highlight video of the Fiscal Year 2023 Recommended Budget by visiting the Harnett County Government Youtube channel at https://youtu.be/HoxpEcigyMU. A full version of the recommended budget can also be viewed at harnett.org/budget.

For more information on Harnett County’s budget process, contact the Harnett County Manager’s Office at 910-893-7555.

 
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