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Village of BHI Proposed FY 23-24 Budget
From the Village BHI:
The proposed FY24 budget has been released and presented to the Village Council. It can be viewed HERE and includes the Manager’s Budget Message (starting on Page 3), slides from the 4/25 budget workshop (Pages 14-52), followed by the suggested budget ordinance and proposed fee schedule (Pages 53-70).
Public Hearing — The Village Council will be conducting a public hearing on the proposed FY24 budget on Friday, May 19, 2023, during its regular meeting, which begins at 10:00am. The meeting will be held in the multipurpose room at the Department of Public Safety (273 Edward Teach Ext., Bald Head Island, NC). Those who wish to comment on the proposed budget are encouraged to attend this meeting in person. Written comments are due to the Village Clerk by 5:00pm on Thursday, May 18, 2023. The Village Council is expected to adopt the budget at its June regular meeting (Friday, June 16, 2023). The Village must adopt a budget by July 1, 2023, per NCGS.
Items to Note:
The public hearing notice (see above link) for the Friday, May 19, 2023 meeting includes details for attending the meeting via Zoom, public review of the proposed budget, speaking at the hearing and submitting written comments.
At the top of page 4 of the budget presentation, Village Manager Chris McCall identifies the primary factors influencing the proposed FY24 rate increase. Page 15 of the budget presentation discusses points of emphasis, and page 16 identifies other major factors influencing the FY24 budget. Members are encouraged to review and educate themselves on the Village's proposed budget.
To learn about the 2023 Brunswick County Revaluation, click HERE. Per Brunswick County, "A revaluation (also known as a reappraisal) is a routine update to property tax values to bring them back in line with the current sale price of properties." At its May 2 budget workshop and regular meeting, Brunswick County staff presented the preliminary budget, rate and fee recommendations and information on the county's revenue neutral rate calculations for FY24. Click HERE for the meeting recap.
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