Town of Vanceboro

The recommended budget for Fiscal Year 2025-2026 includes a property tax revenue of $1,067,075, Local Option Sales Tax revenue of $172,000, and Utility Franchise Tax revenue of $60,000. The Accommodation Tax revenue is projected at $310,000, and Beach Trust Fund revenue is projected at $180,000. Recommended general fund expenditures are $1,483,272, with large portions allocated to Salaries, Capital Outlay for Stormwater, Debt Service, and Recycling. The Administration Department represents 44% of the General Fund budget, while the Police Department is 32%. The Public Works Department is 7%, Stormwater is 2%, and debt service represents 1%.

The proposed budget for Fiscal Year 2025-2026 includes revenue projections from property taxes, local option sales tax, and utility franchise taxes. It outlines expenditures for various departments, including Administration, Police, Public Works, and Stormwater, with a focus on maintaining essential services and investing in capital initiatives. The budget also covers the Accommodation Tax Fund, Powell Bill Fund, and Capital Improvement Plan, detailing allocations for tourism, infrastructure, and capital projects.