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SHALLOTTE—Aldermen have approved the town budget for fiscal year 2008-2009, holding the property tax rate at 27 cents per $100 valuation of property but increasing the water rates to keep up with the county’s increases and adopting a tiered water rate system.
No town residents turned out for Tuesday night’s public hearing on the budget proposal, and town administrator Paul Sabiston explained the proposed budget to the board.
The budget includes a 20.8 percent increase in tax valuation over the current year.
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