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The original item was published from 6/5/2014 12:16:00 PM to 7/6/2014 12:05:01 AM.

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Posted on: June 5, 2014

[ARCHIVED] Council Approves 2014-15 Budget

The Town’s 2014-2015 fiscal year budget includes no tax rate increase and was approved by the Holly Springs Town Council at its June 3 meeting.

The tax rate remains at $0.435 per $100 valuation in the budget, which also calls for no increase in solid waste, drinking water and sewer rates. The council approved charging a monthly fee for the Town Stormwater Management Program, an unfunded mandate of the federal government.

The Stormwater Management Program safeguards the water quality of creeks and streams, including Bass Lake, Sunset Lake and Harris Lake for current and future generations by ensuring that the rainwater that flows from all properties remains clean and free of contamination.

Residents will be charged the $3 monthly stormwater fee beginning in the August utility bills. The Stormwater Management Program is required by the federal government and costs the Town $600,000 per year. The fee will defray about $400,000, helping offset the Town’s current cost of the program’s four employees, inspections and maintenance of stormwater retention areas, illicit discharge enforcement, response to stormwater complaints, flood prevention measures and more. Click here to learn more about the fee and the Stormwater Management Program.

Solid waste fees remain at $9.50 for garbage, $4.25 for recycling, and $2 for yard waste. The Town is doubling the size of residential recycling bins and moving to biweekly recycling pickup beginning in late summer. The move from 48 gallon bins picked up every week to 96 gallon bins picked up every other week will create a slight cost savings for the Town, which the Town will apply to the yard waste program. The yard waste program costs the Town about $700,000 annually while yard waste fees collected total only $215,000.

Five new positions are funded in the proposed budget: a building code inspector; planning, parks maintenance, and public works technicians; and a utilities customer service representative. Click here for past, present and future budget documents.

In other meeting business, the council approved plans for the 63,815 square foot movie theater/bowling alley to be constructed at Holly Springs Town Center.

Also, the council approved adding dark fiber lease rates to the Town’s fee schedule, opening the network’s capacity to private for-profit and not-for-profit entities.

The council approved an infrastructure reimbursement agreement, allowing a developer to construct a greenway from the Pecan Grove apartment complex to connect with the new Bass Lake Greenway in exchange for payment of Parks and Recreation fees due to the town. The fees were estimated to be $131,196, and the estimate for construction of the greenway was $135,935.

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