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Timber Cumberland Council adopts FY2026 general fund budget, authorizes TIF funds
Summary
The Timber Cumberland Town Council on May 5 approved the fiscal 2026 general fund budget and authorized use of tax increment financing funds after a two-hour workshop and brief public hearing.
The Timber Cumberland Town Council voted to approve the town’s fiscal year 2026 general fund budget at its May 5 meeting and authorized use of tax increment financing funds to offset property tax impacts.
Madam Chair (presiding officer) opened the meeting and introduced the public hearing on the FY2026 municipal budget, saying the draft budget was “set out at 15,960,000.00 for expenditures and 8,850,000.00 for non property tax revenue.” Finance Chair Douglas (Finance Chair) thanked staff for their work…
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