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News & Announcements
2015-16 Budget Information
Posted Date:
5/29/2015
The Clover Town Council will be considering first reading of an ordinance to adopt the FY15-16 Budget on June 8, 2015, 6:30pm, at the Clover Community Center.

The public hearing on the proposed budget will be held on Monday, June 22, 2015, at 5:30pm at the Clover Community Center.

The final reading of the budget will be held during a Special Town Council meeting on Monday, June 22, at 5:30pm at the Clover Community Center.

Highlights from the Proposed Budget:

General Fund

  • Rollback property tax millage and proposed millage increase from 116 to 120 mills.  One mill generates $16,312 in revenue as based on the total estimated assessed value of all real and personal property within the town.  At 120 mills, an owner occupied residential property will pay $120 for every $1,000 of assessed property value, i.e. a $100,000 property will pay $480 in property tax.  Increase expected to generate an additional $32,000 in revenue.
  • A $1 increase in sanitation/landfill fees estimated to generate an additional $26,400 in revenue.
  • One additional staff person (Recreation Department)
  • 7% increase in health insurance premiums
  • Replacement vehicles and equipment including a new garbage truck
  • Expansion of the Facade Grant and Live Well Clover Programs
Water/Sewer
  • Increase in rates based on 2014 Rate Study
  • Major meter replacements and building repairs
  • Establish Replacement & Rehabilitation Fund (R&R)
Capital Projects
  • New Centre Park Phase 2 and old Town Hall renovations and Armory renovations and purchase and renovation of Rescue Squad building

 

 
 
Town of Clover    |   116 Bethel Street    |   Clover, SC 29710    |   Phone: 803.222.9495    |   Fax: 803.222.6955
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