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Huntersville staff propose $15.6 million draw from reserves for parks, roads and equipment
Summary
At a budget workshop staff outlined a proposed $15.6 million use of the town’s fund balance for FY 2026, including roughly $4.6 million for Fire Station No. 4 Park, expanded street paving, sidewalk construction funds and multi-year road projects such as Gilead Road West and the Townley Connector.
Town staff told the Huntersville Town Board they are proposing to use $15.6 million of the town’s fund balance in the FY 2026 budget to support capital projects and other one-time needs.
Jackie (staff member) and Anthony (staff member) walked the board through the largest items in the proposed draw. Jackie said the town’s audited fund-balance total for the most recent year was about $80 million and that the budget proposal would draw $15.6 million from that balance. Anthony and Jackie emphasized many line items are one-time or multiyear capital obligations, not recurring operating costs.
Why it matters: Using accumulated fund balance to pay for capital work lets the town accelerate projects without issuing additional debt, but sustained draws over multiple years would reduce the town’s reserves. Staff…
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