MORRISVILLE — For the first time in more than 25 years, Morrisville residents will see their property taxes increase.
The Town Council voted Tuesday to approve a 2.35-cent property tax increase from 36.65 cents to 39 cents per $100 of assessed value. The tax hike will help pay for the N.C. 54 bypass project, part of a streets bond referendum voters approved in 2012.
Homeowners will see their tax bills go up by an average of $64.
The newly approved $26.5 million budget, effective July 1, includes merit pay for town employees, the hiring of two new employees and money to continue work on RTP Park.
The budget includes $120,000 to a federal transportation matching-grant program through the Capital Area Metropolitan Planning Organizations Locally Administered Projects Program and a $5,800 increase for the Morrisville Chamber of Commerce for economic development.
Councilman Mark Stohlman was the only one to vote against the budget.