FY23 FULL BUDGET REPORT ADOPTED

Section 8. Levy of Taxes and Fees General Fund A. Under authority of GS 160A-209 there is hereby levied for Fiscal Year 2023 an Ad Valorem Tax Rate of $0.39 per one hundred dollars ($100.00) valuation of taxable property as listed for taxes as of January 01, 2022, for the purpose of raising the revenue from current taxes as set forth in the foregoing estimates of revenues, and in order to finance the foregoing applicable appropriations. The rate of tax is based on an estimated assessed valuation of $6,550,430,780. B. Under the authority of GS 20-97, there is hereby levied an annual License Tax of thirty dollars ($30.00) on each vehicle with the Town of Morrisville. C. Under authority of GS 160A-314, Session Law 2005-441 and Session Law 2011-109 the Town of Morrisville levies a Stormwater Equivalent Residential Unit (ERU) Fee at $40.00 per Equivalent Residential Unit and hereby authorizes Wake County Revenue Department & Durham County Revenue Department to collect the ERU Fee as prescribed by the Fiscal Year 2023 Fee Schedule on behalf of the Town of Morrisville as a contracted billing service. The fee shall appear on the Annual Tax Bills. The ERU Fee is considered a restricted revenue source for the purpose of stormwater activities as prescribed by mandates. The Finance Department is hereby authorized to collect the ERU Fee from all qualifying property owners who do not otherwise receive an annual Wake County or Durham County Property Tax Statement. D. Under authority of GS 160A-215.1 there is hereby levied for Fiscal Year 2023 a Tax on Gross Receipts derived from retail short-termmotor vehicle leases or rentals of one and one-half percent (1 ½%) of the gross receipts from the short-term lease or rental of vehicles at retail to the general public as defined in Section 105.871.1 of the North Carolina General Statues. Section 9. Levy of Taxes Municipal Service District Under authority of GS 160A-536(a)(6), Session Law 2011-072 there is hereby levied for Fiscal Year 2023 an Ad ValoremTax Rate of $0.10 per one hundred dollars ($100.00) valuation of taxable property located within the service district (residential subdivisions – Carpenter Park Townhomes , Carpenter Park Condominiums, Gables, Huntington Park Townhomes, Kelton II , Kelton Square Condos) as listed for taxes as of January 01, 2022, for the purpose of raising the revenue from current taxes as set forth in the foregoing estimates of revenues and in order to finance the foregoing applicable appropriations to pay the cost related to the transfer of ownership of private streets, evaluation of condition of private streets and the design/construction cost related to improving those specific private streets to public street standards to assume maintenance.

Section 10. Fee Schedule There is hereby established for Fiscal Year 2023 various fees as contained in the Town of Morrisville’s User Fee Schedule located in the Additional Information Section.

Section 11. Authorized Positions A. There are hereby 2 new fulltime positions approved for Fiscal Year 2023. The Authorized Positions Profile will increase to 217 fulltime positions with an estimated 38.6 part-time positions shown as full- time equivalents. B. Position authorizations are initially established by the annual budget ordinance. Changes to this schedule may occur during the fiscal year, as authorized by the Town Manager as reclassification of authorizations to meet the changing needs of the organization.

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