Durham approves $362.4 million budget

Staff writerJune 20, 2011 

— The city council tonight approved a $362.4 million budget for the next fiscal year.

The 7-0 vote came with no discussion or comment.

Approval means a 0.56-cent increase on the property-tax rate next year, the added revenue to cover debt service on bonds that voters approved in 2006, 2007 and 2010.

The increase raises the city rate to 55.75 cents per $100 of tax valuation. That would raise annual taxes on a $150,000 house from $827.85 to $836.25.

Water and sewer rates are also going up, in large part to pay for compliance with new water-quality standards for Jordan and Falls lakes.

City Manager Tom Bonfield proposed the budget May 16, and there were few citizen comments during a public hearing two weeks ago.

jim.wise@newsobserver.com or 919-932-2004

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