SPINDALE — The town of Spindale’s tax rate for the 2021-2022 fiscal year will remain at 64.3 cents per $100 property valuation, as the Town Council formally adopted its new budget Monday might. The new budget year begins July 1.
The total budget is in the amount of $5.4 million, which includes the general fund budget of 3.8 million and the enterprise (sewer fund) budget of $1.6 million. The budget was adopted unanimously.
The general fund reflects an increase of approximately 7% over the current fiscal year. But this year’s budget was down almost 15% due to the COVID-19 pandemic.
The budget includes several staffing changes, including a full time maintenance position for Parks and Recreation, and the transitioning of an accounting position to full-time. The Parks and Recreation Department has been operating under reduced staffing during the pandemic.
The budget also contains a 5% sewer rate increase. Officials have said the fee adjustment does not address the need for the town to adequately fund asset replacement, and future rate adjustments will be needed to ensure sustainability.
“I want to thank the board for their direction and guidance throughout the year,” said Scott Webber, town manager. “I appreciate your interest, your willingness to always take my calls. And of course, I want to thank our staff, especially finance officer Cathy Swafford. I sincerely appreciate their efforts.”
Councilman Tom Roberson made the motion to approve the budget.
Mayor Mickey Bland also thanked the board, as well as the town staff.
“I appreciate the fine job of holding to the budget over the past year,” Bland said.
Officials have noted the budget is an effort to meet the board’s goals of providing excellent, cost effectives service to improve the lives of the citizens of Spindale, while preserving overall financial stability.
Budget workshops and a public hearing on the budget had previously been held. Webber gave a brief overview of the budget prior to Monday’s vote.