Development News for Hendersonville, North Carolina

Fiscal Year 27 Recommended Budget Includes No Tax Rate Increase but Adjusts Utility Fees and Employee Benefits

The recommended budget for fiscal year 27 proposes no increase to the tax rate, parking rates, or sanitation fees. However, water and sewer rates will see an increase driven by the capital improvement plan and efforts to equalize rates between inside and outside city customers, with water rates increasing by $1. A 4% cost of living adjustment is included for employees, and the city's 401k match will increase from 3% to 4%. A new housing fund is being established, utilizing grants and revenues from the Grey Mill project. Ten new full-time positions are included, with eight for public safety and two for housing and development.