Budget Information
The Town of Princeton operates two budgetary funds – the general fund and the water and sewer fund. The general fund includes most of the town’s basic services such as public safety, streets, solid waste, and general administration. The water and sewer fund tracks the revenues and expenditures necessary to operate the systems with applicable state and federal laws.
The Town of Princeton adopts an annual budget as required by the North Carolina General Statutes. The budget is a legally adopted document that incorporates input from the citizens of the town, the management of the town, and the decisions of the Board about which services to provide and how to pay for them. It also authorizes the town to obtain funds from identified sources to finance these current period activities.
A public hearing, as required by the North Carolina General Statutes is held annually, normally in the beginning of June, to get citizen input on the proposed budget for the upcoming fiscal year before it is adopted. The current and any proposed budgets are available for inspection by the public during the regular business hours of the Town Hall or you may view the PDF version that is available below.