The budgeting process in Watauga begins each year with a City Council Strategic Goal workshop in order to align the City’s strategic initiatives with City Council and citizen priorities.
The City Charter mandates that a proposed budget be filed by the City Manager to the City Council and City Secretary’s Office no later than August 1st for the new fiscal year beginning October 1. The process leading to the budget adoption is participatory and includes a communications plan that encourages input from citizens, boards, City departments, and the City Council. The budget presents revenues and expenditures from each of the City’s funds. From there, it is discussed during City Council Work Sessions and Public Hearings are held on both the budget and tax rate.
Budget Workshops were held June 26, August 7, and 28. A public hearing for the budget was held on August 28th and a public hearing was held on September 11th for individuals to express their input on the proposed budget and proposed tax rate.
The FY2023-2024 Budget was adopted on September 11, 2023.
Notice of Adopted 2022 Tax Rate
THE CITY OF WATAUGA ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 3.50 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-20.26.