Posted on 06/10/16
June 10, 2016, Monroe, NC – The Union County Board of Commissioners on Friday unanimously adopted the FY 2017 Operating and Capital Budget of $378.1 million. The budget appropriates $335.2 million for annual operating costs and $42.9 million for capital.
The Adopted FY 2017 Operating and Capital Budget includes a one cent tax reduction for County Operations Tax Rate to 27.82 cents per $100 of assessed value, while the Schools Tax Rate remains the same at 45.72 cents per $100 of assessed value. The County-Wide Fire Tax and Emergency Medical Services Tax remained at .48 cents and 2.63 cents per $100 of assessed value respectively.
The adopted budget provides $112.3 million for Union County Public Schools. These costs include $94.5 million for current expense funding and $17.8 million for capital projects.
Included in the $94.5 million of County Funded UCPS Current Expense is $91.9 million continued funding from FY 2016, which included $5 million for teacher supplements. The FY 2017 budget includes an additional $1 million specifically designated for classroom teacher supplements and an additional $1.9 million for compensation increases and benefits for teachers, principals and other employees.
UCPS will use the additional $17.8 million of capital funding to address Americans with Disabilities Act projects, Building Systems projects, major renovation projects, information technology improvements, roofing repairs, safety and security projects and structural improvements.
The Manager’s Amended Proposed FY 2017 Operating and Capital Budget can be found at: Budget
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