A

expenditures within existing revenue resources. The proposed budget also recommends commitment of

significant resources to activate several key Capital Investment Program (CIP) projects that have been

identified as priorities by Town Council, citizens, and through master plan and operational study updates

that substantiate these needs.

In addition to the balanced budget, two alternative tax rate scenarios are presented for consideration that

illustrate additional resources necessary to increase investment in additional human capital and

operational resources this year. As Town Council considers both the current and future budget year needs,

we anticipate the need to evaluate the most effective way to maximize existing tax revenues for expanding

core service needs as the Town’s residents and business community expectations are fulfilled and balanced

with the increased costs of providing those services. An evaluation of funding strategies for both the

stormwater and solid waste/recycling programs will help inform those decisions for FY 2021 budget

preparation. In addition, property revaluation will occur in the upcoming year and influence the level of

available resources required to sustain core services and desired enhancements to operations. Town

Council continues its discussion of future bond referendums with incremental tax supported debt service

to advance larger capital investments that will contribute to a comprehensive short-term and long-term

budget development and financial strength.

The budget will be formally presented to Town Council and the public at the May 7, 2019, Town Council

meeting. Following the initial briefing, there will be a work session to share expanded detail and supporting

information for operating and capital investment budget requests. The budget portal will also open on May

7. Discussion of the budget will continue at the May 13 and May 28 meetings, with the Public Hearing being

held on May 28. A special work session to complete review of the budget and incorporate Town Council

input and recommendations to the budget in advance of a planned June 11, 209 adoption is also scheduled

on May 30.

Fiscal Year 2019 proposed budget information will be available on the Town’s website to share information

about the budget and will be complemented by a social media strategy designed to maximize awareness of

the budget and encourage input by our citizens. Staff also plans drop-in meetings to allow the public to

review the

Budget Snapshot

and ask questions.

Lastly, A Frequently Asked Questions (FAQ) tool will be utilized throughout deliberations to supplement

information included in presentations to provide expanded detail and clarification of budget requests for

the Fiscal Year 2020 proposed budget.

BUDGET HIGHLIGHTS:

The Fiscal Year 2020 proposed operating and capital investment program budget are framed in continuing

the significant progress visible in the many major projects and initiatives undertaken in the current and

past budget years. You need only to drive or walk through Town to see the magnitude of the many projects

that are expected to be completed in the near future. Construction crews are visible daily at the Carolina

Street Extension at Town Hall Drive and McCrimmon Parkway Extension work sites. The Morrisville-

Carpenter Road project will be underway this summer, as coordination and logistics are in progress. The

allocation of Town resources to state-owned roads demonstrates Town Council’s commitment to

improving transportation mobility

as a significant issue expressed by our citizenry due to our

proximity to Research Triangle Park and major businesses located in Morrisville. While work on these

projects, particularly roadway improvements, takes a long time and causes disruptions while in progress,

the long-term benefits are expected to help noticeably with traffic congestion. The Town continues to

collaborate with transportation partners to effectively advocate for our transportation needs.