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Haywood County manager presents FY2025–26 recommended budget; property valuation losses and foster care drive pressures
Summary
County staff presented a manager-recommended FY2025–26 general fund budget that holds the tax rate at 55 cents, reduces department requests to just under $112 million, and uses fund balance to smooth recovery from valuation losses tied to a paper mill and storm damage.
Haywood County staff on May 5 presented the manager’s recommended budget for fiscal year 2025–26, proposing a general fund just under $112 million, a property tax rate unchanged at 55 cents per $100 of valuation, and use of fund balance to address revenue shortfalls tied to property valuation losses and storm-related expenses.
“Most of that is in personnel costs,” Brian, the staff presenter, said as he summarized reductions made to department requests. He said departments had requested a little over $117 million in expenditures and the manager’s recommendation trims that to just under $112 million. He added: “A penny for this budget is worth $1,009,930.”
Key numbers presented by staff include a taxable valuation a little over…
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