Pinehurstâs proposed budget for the upcoming year forecasts a continued rebound from the worst months of the COVID-19 pandemic.
This time last year, village leaders budgeted cautiously as they waited the economic fallout to everything from sales tax collections to facility rentals. What happened as the pandemic has played out through 2020 and into 2021 has been a mixed bag as far as effects on Pinehurstâs revenues streams go.
Part of the 1.5-cent tax property increase proposed for the 2022 fiscal year is a holdover from last year, when the Village Council decided to delay a half-cent increase so as not to compound unforeseen effects the pandemic might have on Pinehurst residents. The other penny worth of increase, which will bring in an estimated $381,000 in revenue, will support the villageâs acquisition of Given Memorial Library and the Tufts Archives.