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Iredell County manager proposes $343.8 million budget, holds tax rate at 50¢
Summary
County Manager Beth M. Milton presented the recommended fiscal year 2025–26 general fund budget of $343,847,360, keeping the tax rate at 50 cents per $100 valuation while citing rapid population growth, school cost inflation and capital needs.
County Manager Beth M. Milton presented the Iredell County Board of Commissioners with her recommended fiscal year 2025–26 general fund budget on Tuesday, proposing $343,847,360 in spending while retaining the current tax rate of 50 cents per $100 valuation.
Milton said the county had prepared the budget over five months and framed it as year three of a four‑year reappraisal cycle. She cited rapid population growth — an estimated 207,382 residents in 2025, up 11.51% from 2020 — and rising construction costs as drivers of increased demand for school facilities and county services. "This fiscal year budget is year 3 of that cycle," Milton said, and added the county must…
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