MORRISVILLE, N.C. - Morrisville's Board of Commissioners is looking to the future, but some residents are worried about the bottom line.

Tuesday night, after a long discussion, the board passed their long range financial plan by a vote of four to three.

Town officials say the plan offers residents stability on their property taxes.

"The good thing about the long range financial plan, as I say, is it is multi-year," said Town Manager John Whitson. "We are showing one tax rate for eight years. I would challenge any of our neighboring towns to be able to do that."

Critics of the plan say the commissioners didn't have enough information to vote on, and passed a plan that will generate too much public funding.

"Essentially what they've done is, without seeing a budget, set a tax rate that will almost guarantee property owners in Morrisville will have a bigger tax bill," said Morrisville resident Jackie Holcombe.

Holcombe said the town could have passed a revenue-neutral long range plan, and still brought in a surplus without the tax hikes that she foresees with the plan they did pass.

Town officials say they look at their long range financial plan every year and try to adjust it according to how things may or may not have worked out.