Indian Trail Council approves FY 2526 budget with 17¢ tax rate despite inflation

The Indian Trail Town Council convened on June 12, 2025, to discuss key budgetary and infrastructure developments that will shape the community's future. The meeting highlighted the approval of the fiscal year 2025-2026 budget, which maintains a tax rate of 17 cents per $100 of property valuation, a figure that council members noted is among the lowest in the region. This decision comes amid ongoing concerns about inflation and its impact on local finances.

During the budget discussion, council members acknowledged the challenges posed by fluctuating property values. A hypothetical scenario was presented regarding a potential 20% decrease in home valuations, which would necessitate a tax rate adjustment to maintain revenue neutrality. Fortunately, the council confirmed that such a situation has not arisen recently, allowing them to proceed without raising taxes.

The council also received updates on the Indian Trail Complete Street project, which is currently in the review phase with the North Carolina Department of Transportation (NCDOT). The project aims to enhance local infrastructure, including water and sewer systems, and is expected to involve significant coordination with utility providers. The council discussed the complexities of the project, which includes relocating existing utilities and ensuring compliance with county regulations.

A notable aspect of the Complete Street project is the anticipated financial collaboration with Union County, which is expected to contribute approximately $1.5 million towards necessary improvements. The town will also invest around $500,000 for its share of the project, which encompasses stormwater management and roadway enhancements. The council plans to formalize an interlocal agreement with the county to outline these financial responsibilities.

In addition to budgetary matters, the council addressed the need for unique street lighting and furnishings as part of the Complete Street initiative. The proposed Northport Acorn Light design aims to create a distinctive aesthetic for the downtown area, with an estimated cost of $650,000 for approximately 80 to 90 lights. The council expressed concerns about potential price increases due to tariffs affecting imported components.

Overall, the meeting underscored the council's commitment to maintaining a balanced budget while investing in critical infrastructure improvements. As the Complete Street project progresses, the council will continue to navigate financial and logistical challenges to enhance the quality of life for Indian Trail residents. The next steps will involve finalizing agreements with utility providers and the county, as well as addressing any outstanding design issues before construction begins.