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Posted on: May 12, 2022

Draft FY 2022-23 Budget Presented

The Board of Commissioners was presented the Draft FY 2022-23 Budget during the regular meeting on May 10. 

The Recommended Budget across all funds is $12,712,457; a $816,337 or 6.69 % increase from the FY 21-22 originally adopted total budget of $11,896,120.

The Town has worked diligently to provide high quality services at the least possible cost, while consistently maintaining a General fund property tax rate among the lowest of the 21 North Carolina oceanfront municipalities.This effort has included strategic investment in targeted, high-value initiatives intended to improve the quality of life for residents and enhance Emerald Isle’s desirability as a tourism, retirement and potential investment destination. These achievements have been realized through the establishment of clear priorities focused on community values, careful expenditure controls, strategic organizational adjustments, creative financing and the leveraging of outside funding from multiple partners. These strategies have enabled the Town to move forward in a fiscally responsible manner, and the FY 22-23 Recommended Budget continues this approach.

The FY 22-23 Recommended Budget addresses the Board established priorities as discussed during 2022-2023 goal-setting process. The recommended Town of Emerald Isle budget is balanced, using a property tax rate of $0.165 for FY 22-23. The proposed increase of one-cent in property tax is directly related to a year-over-year inflation rate of nearly 8-percent.

The Board expects to approve a budget at the June 14 regular meeting. A public hearing will be held on the budget on that date, beginning at 6 p.m., or shortly thereafter. 

You can view the draft FY 2022-23 Budget Presentation (PDF) that was delivered at the May 10th meeting. 

You can view the full draft FY 2022-23 Budget on our website. 

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