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Cabarrus County managers present balanced FY26 general fund budget, five-year plan shows growing deficits
Summary
County staff presented a recommended FY26 general fund budget that is balanced for next year but projects widening shortfalls over a five-year planning horizon; commissioners discussed revenue assumptions, one-time fund transfers and next steps for debt decisions.
Cabarrus County staff presented a recommended FY26 general fund budget at the June 4 budget workshop, showing a balanced budget for next year while forecasting rising deficits in subsequent years.
The recommended budget includes $280,000,000 in property tax revenue, up from $269,000,000 in the prior year, and relies in part on one-time transfers that include $2,400,000 from internal service fund balances and $2,300,000 from an economic incentive grants fund balance, County staff said. "Just a disclaimer, all the figures here could change, depends on what you guys decide," the budget presenter said as he outlined revenue and expenditure assumptions.
County finance staff said the recommended budget balances revenues…
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