CHAPEL HILL - No property tax rate hike is anticipated for this north Marshall County town during the next fiscal year starting on July 1, according to the town administrator.
"We have reserves in our treasury that will not be touched in any way," Town Administrator Mike Hatten reported this week. "That's in certificates of deposit, so at this point it doesn't look like we're going to have to cash in any of those CDs."
The Chapel Hill Board of Mayor and Aldermen met on Monday and agreed that a workshop session is needed to proceed toward assembling all the information needed to create the town's next budget. That session is to be in March or early April.
And as no property tax rate hike is expected, neither is an increase in the water or sewer rates, Hatten said.
The town board did, however, increase sewer rates recently, although that rate hike applies only to customers with service beyond the town line. There's only one. It's Henry Horton State Park.
Meanwhile, the town board is proceeding toward rezoning land at the corner of U.S. 31A and Eagleville Pike from one business classification to another (B-1 to a B-2).
"It's at the property owner's request and it allows more things to take place there, but it's still compatible to the surrounding residences," Hatten said of land owned by B&W, a business formed with the partnership of Chris Brothers and Todd Warner.
In another development, plans for a sewer line have been approved so the design work can begin. It's to be an extension of the new sewer being installed north on U.S. 31A and east on Eagleville Pike.
The proposed sewer is to go further north by U.S. 31-A and then west along Crutcher Road.