Durham council approves budget

From Staff ReportsJune 21, 2011 

— The city council approved a $362.4-million budget for 2011-12 on Monday night, with no discussion or comment and a 7-0 vote.

Approval means a 0.56-cent increase on the property-tax rate next year. The added revenue will 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 also are going up, in large part to pay for compliance with new water-quality standards for Jordan and Falls lakes.

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