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On Tuesday June 12th, the Waxhaw Board of Commissioners approved the proposed 2018/19 Fiscal year Budget.
The budget establishes a Capital Improvement Program and a Small Transportation Project fund to provide funding mechanisms to address traffic and transportation improvements and establish a strategic plan for Waxhaw’s current and future needs. These tools would replace the “pay as you go model” used in the past. While this model has paid for over $5M in infrastructure improvements over the past few years, it is no longer a sustainable approach for Waxhaw.
The budget recommended a 3% decrease in Operating Expense for the over 20 services offered by the Town of Waxhaw. It also reduced salary increases overall by one half percentage.
Even with the expense decreases, the approved budget established a Motor Vehicle Fee ($25) to specifically fund our strategic transportation improvements. To offset our growing solid waste service costs, the Board implemented a $.025 tax increase in lieu of the solid waste fee.
The Board has spent the past month examining all departments and functions.
The Budget was approved on a 3-2 vote and will be effective on July 1, 2018.