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County manager proposes FY26 budget that holds tax rate, backs higher school funding
Summary
County Manager Sean Newton presented a FY26 recommended budget that keeps the tax rate at 57.6¢ per $100 of assessed value, recommends a $399 million general fund and $548 million across all funds, and proposes a larger-than-planned increase for local schools and $29.05 million in school capital projects.
Cabarrus County Manager Sean Newton presented the county’s fiscal year 2026 recommended budget at the board’s May 19 meeting, proposing a general fund total of $399 million and $548 million across all funds while holding the property tax rate at 57.6¢ per $100 of assessed value.
“This budget is built on discipline, data, and dedication to the people of Cabarrus County,” Newton told the commissioners as he summarized the recommended plan, which staff said closed a projected near-$6 million budget gap through spending reductions and more-conservative budgeting assumptions.
Key elements in the recommended budget include: a permanent tax rate unchanged from FY25…
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