Chatham County residents will have their taxes increased for the first time since the 2010-2011 fiscal year in the new budget adopted on Monday night by County Commissioners.
The $107.5 million budget is based on a 63.38 cent property tax rate.
The increase is a 1.19-cent bump. For a resident with a $100,000 home, the increase would result in an increase on a property tax bill of $11.90.
Commission chair Jim Crawford said the budget prepares Chatham County for the “future we know is coming.”
Three areas of the Capital Improvement Project had the most influence on the tax bump, a new elementary school, an expansion of a planned new high school and a new building for Central Carolina Community College.
The new elementary school is slated to open in northeast Chatham County in 2021. The new high school, which is also slated to open in 2021, was budgeted an additional $5 million to expand from an 800-student capacity to a maximum of 1,000 to 1,200 students.
The new Health Sciences Building for CCCC is set to open in 2018.
The budget also includes a five-percent increase for Chatham County Schools, a three-percent salary increase for all county employees, an increase of 15 percent for employee health insurance and funding for 10.5 new positions.
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