Annual Budget

Maintaining a Connected, Resilient, and Safe Community

The adopted Fiscal Year 2027 budget and CIP focuses on strengthening core services while planning ahead for future projects.

Current Annual Budget(PDF, 4MB)

FY2026-2027 Budget Highlights

The Morrisville Town Council unanimously adopted a $60.4 million budget for Fiscal Year 2027 on June 9, following extensive public engagement and a formal hearing. The budget reflects the Town’s strategic focus on improving services and quality of life from the community’s perspective. Key Highlights:

Property Tax Rate: Remains unchanged at $0.35 per $100 assessed valuation.
Total Budget: $60,430,000 (includes Annual Operating Budget & Capital Investment Program).
General Fund Use: $1.45 million from fund balance for one-time expenses (less than 3% of total).
User Fees: Modest adjustments; vehicle decal fee remains at $30, stormwater fee at $50/ERU.
New Positions: 10 added roles to support services and new initiatives.
Capital Investment: $6.31 million allocated for pedestrian access, greenways, athletic facilities, fire station construction and relocation, road betterments, parks, and sidewalks.

Commitment to competitive pay and related benefits, such as flexibility and trust in the workplace, professional development, and recognition of service help Morrisville attract and retain employees. Total funds requested to support the annual merit and market pay adjustments, adjustments to the minimum pay grades, longevity pay, and related job classification adjustments are estimated to be approximately $1,560,240 in total compensation (both pay and benefits) ($368,460 less than the increase in FY2026).

The FY2027 adopted budget maintains the same 4.5% average merit pay schedule as used in the past three fiscal years for employees classified as full-time, part-time, and regular 30-hour. A 1% market condition pay adjustment (aka “Cost of Living Adjustment” or “COLA”) is also included for all full-time, part-time, and regular 30-hour employees to account for inflationary changes in the economy and to maintain market competitiveness within the regional employee market. Job Classification pay grade adjustments are recommended for a number of staff positions that were studied this year to ensure we are staying at market rate for those positions. The recommended budget also incorporates the additional state-required Local Government Employees Retirement System (LGERS) employer funding contribution increase.

Community-Driven Process

Public input collected through online tools, events, listening sessions, and public hearings.
Engagement helped shape a budget aligned with Council goals and community priorities.