skip to Main Content
City Of Hickory Budget Presented At Council Meeting

City Of Hickory Budget Presented At Council Meeting

Hickory City Manager Warren Wood delivered his Fiscal Year (FY) 2022-2023 Recommended Budget to the Hickory City Council at Tuesday’s (May 17) meeting. The Recommended Budget totals $126,206,168 for all City operations, capital improvements, and debt service requirements for the upcoming year. This represents an 8.9 percent increase over the current year’s budget.

A budget of $63,141,435 is recommended, which represents a 7 percent increase over the current year’s budget. The property tax rate for FY2022-2023 is recommended to remain 62.75 cents per $100 of assessed value. A new property tax rate is anticipated with the FY2023-2024 annual budget due to the County-wide revaluation of property that will take effect during that fiscal year. Significant increases in property values are expected in Catawba County’s next revaluation, which will likely result in a reduction of Hickory’s current property tax rate.

Water and Sewer Fund: A 3 percent increase in utility rates is recommended to maintain infrastructure and the enterprise fund’s self-sufficiency, while still maintaining a competitive rate when compared to systems across the state. The average utility bill for a Hickory customer is $57.68; this rate increase will result in an increase of $1.73 per month on the average utility bill.

Solid Waste Fund: An increase of $1.00 is recommended to bring the monthly sanitation rate up to $26.00 per month for the upcoming fiscal year. The Solid Waste Fund is self-supporting, and this increase will help to offset increases in fuel and labor costs.

The full FY2022-2023 Recommended Budget is available for review online at https://www.hickorync.gov/budget. The Hickory City Council welcomes public input and will hold a public hearing on the FY2022-2023 Recommended Budget on Tuesday, June 7, at 7 p.m., during its regular City Council meeting at the Julian G. Whitener Municipal Building.

[News release from the City of Hickory]