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Caswell County manager proposes 3-cent property tax increase to cover revenue shortfall
Summary
County staff presented a draft FY2026 budget that keeps spending roughly flat but relies on a proposed 3-cent property tax increase to close a roughly $723,000 gap created by lower revenues and new costs, including rising retirement rates and debt service.
Caswell County officials presented a draft FY2026 budget that would keep overall spending nearly flat but would raise the property tax rate by 3 cents to cover an identified revenue shortfall.
The county—s budget presenter, Renee (county staff), told commissioners the gap stems largely from weaker-than-expected revenues this year and several new costs next year: an estimated $110,000 increase in retirement contribution rates, a countywide 1.5 percent cost-of-living salary adjustment that added roughly $200,000 to the general-fund payroll bill, and a $331,000 rise in debt service tied to planned financing. Together those items…
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