Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cary staff presents balanced FY2025-26 budget and asks board whether to continue local grocery tax
Summary
Staff presented a balanced fiscal 2025-26 budget but warned the state’s elimination of the grocery tax will reduce local revenues. Officials asked the board whether to continue the tax locally and whether to pursue a non-home-rule 1% sales tax; trustees expressed informal support but took no formal vote.
Village of Cary officials presented a balanced fiscal year 2025-26 budget on March 15 and asked the board to give direction on whether to continue a local grocery tax after state changes eliminate the existing grocery tax on Jan. 1, 2026.
The question matters because staff estimated the state action would reduce Cary’s annual revenues by roughly $600,000, and the village is accounting for about $200,000 of that reduction in its FY26 projections. Administrator Morimoto told trustees the elimination is a “significant impact” and said staff needs direction so it can finalize revenue estimates and capital transfers.
If the board wants the grocery tax to continue as a local levy, staff said the village must act in time to make the Department of Revenue transition…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
