Fiscal Year 2012 Budget Information

FY12 Budget is available online.

Past Fiscal Year Budgets are available online.

• Fiscal Year begins July 1, 2011 and ends June 30, 2012.
• Total Budget for Fiscal Year 2011-2012 = $79,556,287
• General Fund Budget = $43,361,403
• General Fund Revenue, property taxes = $27,523,236
• Utility Fund Budget = $17,041,714
• Utility Fund Revenue, water receipts = $7,552,114 & sewer receipts = $8,291,100
• Tax Rate is $0.58 per $100 dollars of valuation.
• 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 $480,250 in revenue to the Town.