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Madison County presents FY26 budget that uses fund balance and a proposed 2¢ real‑estate tax increase

3297080 · May 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

County staff presented a FY26 spending plan that increases county expenditures by about $2.06 million (5.8%), proposes a 2‑cent real‑estate tax increase to raise roughly $560,000 and uses about $1.4 million of fund balance to balance operations and capital; adoption is scheduled after a 7‑day waiting period.

County staff presented the proposed fiscal year 2026 budget to the Madison County Board of Supervisors, describing expenditure increases driven by school funding needs, radio system maintenance, personnel costs and rising vendor fees.

County Finance staff said the budget “increased by $2,058,553 which was 5.8% from FY25” and outlined the primary drivers: an additional local contribution requested by the schools after changes to federal and state funding; annual maintenance and rental costs for a new public radio system; and salary and fringe increases including a 3% cost‑of‑living…

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