Chapel Hill Town Manager Chris Blue presented the town’s recommended budget for Fiscal Year (FY) 2024-2025 to the Chapel Hill Town Council during the council’s May 1 meeting. The total recommended budget was nearly $156 million, a four percent increase from last year’s budget. The proposal recommends a property tax rate increase of two cents per $100, totaling a 59.2% property tax rate. The proposal also includes a six percent cost of living raise for Town of Chapel Hill employees. More than $89 million of the recommended budget comes from general fund revenues. The graphic below shows how much each revenue source will contribute to the budget’s general fund revenue based on the proposal. $
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