The town of Mount Olive 2020-21 fiscal year budget of approximately $8 million was adopted without issue in a special-called session of the town board on June 29.
Town Manager Charles Brown summed up the budget as “very tight” and said the loss of sales tax revenue made it a difficult budget to balance.
“It is the best that could have been done under the economic situation we see today,” Brown said.
Overall, the budget reflects no property tax hike and no increase in town service rates. It also did not include a salary increase for town employees.
Brown said it is actually about $100,000 less than the closing fiscal year budget.
In other action at the brief session, the first of two public hearings on a Community Development Block Grant plan was also held without issue.
The second public hearing on the planned $750,000 CDBG application is scheduled to be held at the town board’s regular July 13 meeting.
The second public hearing is to obtain public input to determine what area or areas of town will be targeted for the neighborhood revitalization project.
The project calls for improvements to dilapidated houses either scattered or grouped together and they cannot be rental properties.
Harris & Associates of Goldsboro is administrator of the project.
The first public hearing was to explain the intent to seek the funds, and clear the way for filing the application.