Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves FY 2025–26 budget and bond-related tax increase after heated discussion over affordable housing funds
Summary
After hours of debate about using a set-aside reserved for affordable housing to offset the bond-related tax increase, the Matthews Board of Commissioners adopted the FY 2025–26 general fund, tourism and stormwater budgets and CIP. The vote was 4–3; opponents urged alternative uses of the town’s $968,000 affordable-housing balance.
The Matthews Board of Commissioners approved the fiscal year 2025–26 general fund, tourism and stormwater budgets, the capital improvement plan and the fee schedule on June 23, after a lengthy and at times contentious discussion about whether to apply a restricted affordable-housing set-aside to reduce the bond-related property-tax increase.
Acting on a manager’s recommended budget that included the debt service associated with a voter-approved parks and infrastructure bond, the board authorized a tax rate change that staff said corresponds to roughly a 1.3¢ property tax impact (per $100 of assessed value). Interim Town Manager Kurt Walton provided a written…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
