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SECTION 5. LAW ENFORCEMENT SEPARATION ALLOWANCE FUND
ANTICIPATED REVENUES
Transfer from General Fund
92,720
Interest
3,890
Total Anticipated Revenues
$96,610
AUTHORIZED EXPENDITURES
Net Assets in Trust
9,610
Law Enforcement Benefits Paid
87,000
Total Expenditures
$96,610
SECTION 6. LEVY OF TAXES AND FEES GENERAL FUND
A.
Under authority of GS 160A-209 there is hereby levied for Fiscal Year 2020 an Ad Valorem Tax Rate of
$0.39 per one hundred dollars ($100.00) valuation of taxable property as listed for taxes as of January
01, 2019, for the purpose of raising the revenue from current taxes as set forth in the foregoing estimates
of revenues, and in order to finance the foregoing applicable appropriations. The rate of tax is based
on an estimated assessed valuation of $4,915,000,000.
B.
Under the authority of GS 20-97, there is hereby levied an annual License Tax of thirty dollars ($30.00)
on each vehicle with the Town of Morrisville.
C.
Under authority of GS 160A-314, Session Law 2005-441 and Session Law 2011-109 the Town of
Morrisville levies a Stormwater Equivalent Residential Unit (ERU) Fee at $25.00 per Equivalent
Residential Unit and hereby authorizes Wake County Revenue Department & Durham County Revenue
Department to collect the ERU Fee as prescribed by the Fiscal Year 2020 Fee Schedule on behalf of the
Town of Morrisville as a contracted billing service. The fee shall appear on the Annual Tax Bills. The
ERU Fee is considered a restricted revenue source for the purpose of stormwater activities as prescribed
by mandates. The Finance Department is hereby authorized to collect the ERU Fee from all qualifying
property owners who do not otherwise receive an annual Wake County or Durham County Property Tax
Statement.
D.
Under authority of GS 160A-215.1 there is hereby levied for Fiscal Year 2020 a Tax on Gross Receipts
derived from retail short-term motor vehicle leases or rentals of one and one-half percent (1 ½%) of
the gross receipts from the short-term lease or rental of vehicles at retail to the general public as defined
in Section 105.871.1 of the North Carolina General Statues.
SECTION 7. LEVY OF TAXES MUNICIPAL SERVICE DISTRICT
A. Under authority of GS 160A-536(a)(6), Session Law 2011-072 there is hereby levied for Fiscal Year
2020 an Ad Valorem Tax Rate of $0.10 per one hundred dollars ($100.00) valuation of taxable property
located within the service district (residential subdivisions – Carpenter Park Townhomes , Carpenter
Park Condominiums, Gables, Huntington Park Townhomes, Kelton II , Kelton Square Condos) as listed
for taxes as of January 01, 2019, for the purpose of raising the revenue from current taxes as set forth
in the foregoing estimates of revenues and in order to finance the foregoing applicable appropriations
to pay the cost related to the transfer of ownership of private streets, evaluation of condition of private
streets and the design/construction cost related to improving those specific private streets to public
street standards to assume maintenance.