The City of Lenoir City Council approved the FY 2021-2022 Budget Tuesday night, June 1, 2021.
The FY 2021-2022 General Fund budget totals $18,594,890. The budget includes a 3% cost of living raise for City employees; $590,000 for street paving; $125,000 for greenway paving and planning; $60,750 for code enforcement, demolition, and property clean up; new vehicles for several departments, and improvements to the Lenoir Aquatic & Fitness Center and the Martin Luther King Jr. Center.
The City property tax rate will be 57¢ per $100 of assessed value, one cent less than the current budget. The Downtown Municipal Service District tax rate was reduced by five cents to 20¢ per $100 of assessed value, and the Rescue Readiness Tax rate will stay at .85¢ per $100.
The FY 2021-2022 Water/Sewer Fund budget totals $9,629,744 and includes a 2% increase in water and sewer rates. The City did not increase rates last year due to the pandemic. This year's increase is equivalent to a 1% increase last year and this year. All other Water/Sewer Fund charges and fees are unchanged.
The budget will take effect on July 1, 2021. Read the full budget and more details at https://www.cityoflenoir.com/549/2021-2022-Budget-Proposal..
Related: Recommended budget addresses Council's priorities, May 19, 2021