Budget for Fiscal Year 2010-2011

• Fiscal Year begins July 1, 2010 and ends June 30, 2011.
• Total Budget for Fiscal Year 2010-2011 = $83,550,702
• General Fund budget = $45,233,126
• In the General Fund budget, property taxes = $28,100,000.
• Utility Fund budget = $19,188,495
• In Utility Fund budget, water receipts = $8,119,755 & sewer receipts = $10,603,240.
• Tax Rate is $0.58 per $100 dollars of evaluation.
• To calculate your Town tax bill, divide your valuation by 100 then multiply by 0.58.
• Residents also have an Iredell County tax bill.
• Some residents will have a Mooresville Graded School District tax bill.
• A penny of the tax rate is approximately $485,000 in revenue to the Town.

Fiscal Year Budgets are available online.